Articles

Here’s where you’ll find recent articles about FirstService Residential, as well as our impact on the areas we serve.

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Is Now The Time for Your Building to Undertake a Heating Distribution Assessment?

Posted on Friday February 02, 2018

Learn about the many benefits you can gain by undertaking a heating distribution assessment for your condo or coop.

Storm Season Is Tough, But So Are Non-Weather Related Emergencies – Are You Prepared?

Posted on Tuesday January 23, 2018

As a board member of a New York City condominium or cooperative, you understand that emergencies happen. Blackouts, burst pipes, gas leaks and fires aren’t things we like to think about, but they are part of life. The good news is that by partnering with an experienced and knowledgeable property management company, your building can be thoroughly prepared while minimizing the risk of potential damages from these non-weather related emergencies. In such instances, remember that your property manager  is a valuable asset to your community when the going gets tough. 
 

Best Practices for Implementing a No Smoking Policy

Posted on Friday January 19, 2018

Be sure to fully understand your governing documents – a condo’s by laws or a co-op’s proprietary lease/occupancy agreement – which dictate what requirements must be fulfilled to amend them, and subsequently, the house rules and regulations. These documents will set forth specific procedures to be followed such as the exact percentage (if any) of votes required to implement changes.

Local Law #147/2017 – Adoption of a Smoking Policy: Memorandum from General Counsel Ben Kirschenbaum

Posted on Friday January 19, 2018

NYC's latest Local Law #147/2017 requires all owners of class A multiple dwellings, including all coops and condos, to adopt a “smoking policy” no later than August 28, 2018. The purpose of implementing such a policy is to outline the requirements of this law so board members may consider how their coop or condo will comply. 

FirstService Residential Pilots Health Department's Cooling Tower Training

Posted on Tuesday January 16, 2018

President Dan Wurtzel discusses in detail the significance behind New York City's Local Law 77, which is the most comprehensive of its kind in the nation, and requires building onwers to inspect, clean, disinfect, test and certify all cooling towers. The following article is as published in Mann Report Management's January 2018 issue. 

Disclosure of Conflict of Interest Transactions: Top 10 Key Points Condo and Co-op Boards Need to Know to Ensure Compliance

Posted on Tuesday January 16, 2018

New Law Requires Disclosure of Conflicts of Interest Transactions

Mandatory Disclosure of Conflicts of Interest Transactions: Memorandum from General Counsel Ben Kirschenbaum

Posted on Thursday December 21, 2017

As the leading property management company in New York, FirstService Residential seeks to advise all board members on new laws that impact New York condo and coop communities -- the latest being a state law effective January 1, 2018 which requires boards of condos and coops to disclose to owners all transactions in which a member of the board has a conflict of interest. Our General Counsel Benjamin Kirschenbaum wrote a comprehensive memo on this topic which was sent to all FirstService Residential board members.

How One Mitchell-Lama Co-op Is Going Green

Posted on Wednesday December 20, 2017

General Manager Victor Berrios of FirstService Residential was interviewed by The Cooperator regarding his inspiration and his proactive efforts in "greening" a 620-unit Mitchell-Lama co-op, Jamie Towers.

POST-EVENT SUMMARY: Protecting your Assets: A Primer on Directors & Officers Liability Insurance

Posted on Tuesday December 12, 2017

Directors & Officers (D&O) liability claims can come with significant financial consequences. A D&O liability insurance policy is intended to protect directors and officers from damages resulting from allegations of wrongful conduct and lawsuits when acting in their capacity as a board member.   FirstService Residential hosted a symposium on November 16, 2017 during which a panel of legal and insurance experts helped attendees better understand how to protect their association and their personal assets in the event of a claim. Read on to learn all event details. 

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