Compliance Update: What is the Corporate Transparency Act? What Does the Injunction Mean for Condos and Co-ops?

Local Law 97 impacts roughly 50,000 buildings across the city, a majority of which are multifamily residential properties.

FirstService Residential recommends that all boards and building owners consider the installation of EV charging stations and incentives available through NYSERDA and ConEd.

FirstService Residential helps condo and co-op boards navigate CMA compliance, avoid costly fines and identify incentive programs that reduce the cost of building upgrades.

Policy exclusions introduce increased risk to the board and often render a contractor’s policy meaningless. Properly vetting a contractor’s insurance is critical.

Robust automation software can help boards and building owners in New York City satisfy local law compliance deadlines and inspection cycles.

A capable management company will enforce procedures and invest in technologies that help limit legal liability for the condo or co-op, and also mitigate board member personal exposure.

To help boards and shareholders navigate the legal and logistical nuances of virtual annual meetings, our property management experts have assembled a collection of best practices that address the most common concerns and logistical hurdles.

Carefully evaluating the property manager is a critical component of board business and helps ensure a consistent level of service each and every day.

While communicating clearly and effectively with residents is vitally important, it is just as important to foster better board communication.

FirstService Residential has helped boards and building owners save millions of dollars in energy costs, in part, through our Energy Aggregation Purchasing Program.