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New York’s Climate Mobilization Act | Frequently Asked Questions
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. -
Local Law 97 Updates: Building Energy Grades & Emissions Compliance
Local Law 97 impacts roughly 50,000 buildings across the city, a majority of which are multifamily residential properties. -
Residential EV Charging Stations: Benefits & Incentives for Multifamily Buildings
FirstService Residential recommends that all boards and building owners consider the installation of EV charging stations and incentives available through NYSERDA and ConEd. -
Beyond the Basics and Maximizing HOA Reserve Funds
Is your HOA reserving enough funds for the future? Go beyond the basics of reserve funds and learn how to maximize your investments. -
Understanding a Co-Op and Condo Reserve Fund & Strategic Budgeting
With an effective reserve-fund strategy, boards can properly plan for unplanned equipment replacements and repairs to building systems and facilities. -
HOA Maintenance Checklist: Planning and Paying for Property Improvements
Want to keep your HOA or high-rise in tip-top shape for current and future residents? Learn how to plan and pay for maintenance and capital improvements. -
Association Reserve Funding Strategies: Ensuring Your Budget's Success
As a board member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Condo Corporation Reserve Funding Strategies: Ensuring Your Budget's Success
As a board member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Condo Corporation Reserve Funding Strategies: Ensuring Your Budget's Success
As a board member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Strata Corporation Contingency Reserve Fund Strategies: Ensuring Your Budget's Success
As a council member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Association Reserve Funding Strategies: Ensuring Your Budget's Success
As a board member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Association Reserve Funding Strategies: Ensuring Your Budget's Success
As a board member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Important Changes to the Condo Act
More amendments are coming to the Condominium Act, 1998 and they take effect on January 1, 2022. Like the modifications made in October of 2020, the new condo act changes see the jurisdiction of the Condominium Authority Tribunal (CAT) once again expanding. -
Multifamily Investment Activity in New York City
As different sectors of New York City’s economy recover from the COVID-19 pandemic, strong signs of life are emerging in multifamily rental property investment. -
Association Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Association Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Corporation Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Association Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed when the association’s reserves are not sufficient to pay for large capital projects such as replacing roofs or mechanical equipment. -
Community Corporation Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Flood Insurance for Condos and Co-ops in New York City
The rising cost of flood insurance and forthcoming changes to FEMA flood maps is a topic of discussion for condos and co-ops in the New York City area. -
New York City Council Extends Local Law 152 Inspection Deadlines for Boards & Building Owners
As of November 2021, the New York City Council has extended Local Law 152 gas pipeline inspection deadlines for boards and building owners through June 30, 2022. -
The 2022 Florida Legislative Session And Why It’s Important For Community Associations
On January 11, state lawmakers will assemble for the annual 60-day legislative session. This session will cover a list of key issues and promises to be an active one for community associations for two particular reasons: the impact of the collapse of Champlain Towers South in Surfside and the skyrocketing cost of property insurance. -
FAQ: The Impacts of the New York Prevailing Wage Law on Condominiums & Cooperatives
Beginning July 1, 2022, condominium and cooperative buildings in New York City must begin to pay building workers a prevailing wage or forfeit their eligibility for the Cooperative and Condominium Property Tax Abatement. -
Talent and Supply Chain Disruptions
Has your community association been affected by labor shortages? Learn more about supply chain issues and how to address them in your community.