A common mistake made by cooperative and condominium boards is the utilization of outdated documentation which can result in unnecessary risk and liability. Many buildings in New York are older and, just as older builders require repair, so do older governing documents. This mistake is often due to a reluctance to incur legal fees or an assumption that nothing relevant has changed. It is imperative that cooperative and condominium boards keep up with the ever-changing times.
Romer Debbas LLP is often called upon by boards looking for a fresh set of eyes to review and update all building documentation which include:
