Articles and News

A new law that impacts the hiring practices of building services employees in New York City co-ops and condos took effect October 27, 2015. Under the Fair Chance Act, employers with at least four employees cannot inquire about a job applicant's criminal history until after a conditional job offer has been made. Find out how this law will impact co-op and condo hiring practices.

FirstService Financial (FFI), the FirstService Residential affiliate that helps our clients
fulfill their financing requirements at the most competitive interest rates and terms available, has facilitated or assisted in loan placements in excess of $1.2 billion for cooperatives and condominium associations. This recent transaction illustrates why many of our clients choose to participate in FFI’s programs, which provide added value based on the global purchasing power of our parent company, FirstService Corporation.

Directors & Officers (D&O) liability insurance is intended to protect directors and officers against allegations of wrongful conduct when acting in their capacity as a board member. Learn more about best practices for avoiding D&O claims.

Learn how FirstService Residential is making a difference, every day, for its clients in the November/December 2015 edition of Mann Management Report.

The Council of New York Cooperatives & Condominiums (CNYC) is hosting its 35th annual Housing Conference at Baruch College in Manhattan on Sunday, November 15, 2015. Many FirstService Residential board members have found this to be a worthwhile educational event.

President Dan Wurtzel is quoted in this Real Estate Weekly article discussing the new energy retrofit program greenlighted by Mayor De Blasio. 

Taking Advantage, Saving Money

FirstService Residential lends its expertise to a Multi-Housing News article on the must-have lifestyle amenities in today's top luxury condominiums -- from rooftop lounges to pet play groups.

In a condominium or cooperative, it is important to have a complete understanding of your governing documents (such as a condominium’s by laws or a cooperative corporation’s proprietary lease/occupancy agreement) which dictate what requirements need to be fulfilled to amend the governing documents (and subsequently, the building’s house rules and regulations.) They also set forth specific procedures to be followed such as the exact percentage (if any) of owners’/shareholders’ votes that are required to implement changes.

As a result of the recent outbreak of Legionnaires' Disease, the NYC Department of Health has issued an Order requiring those who manage buildings with water-recirculating cooling towers in New York City to take preventive actions.