Blocks & Lots

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What does a condo board do?

A condo board is a group of residents who enforce the rules of the condo and oversee its maintenance and finances. Residents elect their neighbors to the board. Board members typically volunteer their time...

Compass’ lawsuit against REBNY

The real estate brokerage Compass filed a lawsuit against NYC trade organization REBNY for its rules governing co-broking. Below is a copy of Compass’ legal complaint. Compass-REBNY-Lawsuit Link to download...

What is a land lease in NYC?

A land lease is an agreement where the owners of a condo, co-op, or commercial building do not own the land their building sits on. Instead, they rent it from the landowner. There’s a number of reasons a developer...