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New York City Condo Attorney

Whether you are an owner or a prospective buyer of a condominium apartment in New York City, having legal representation to help navigate your transaction is essential. The real estate attorneys at Holm & O’Hara LLP have decades of experience, offering guidance and representation to condo owners and prospective buyers. Our attorneys ensure your New York real estate needs are met with efficient, comprehensive, and authoritative legal service.

What Is a Condo?

Condominium units, often referred to as condos, are a common form of residential property in New York City. A condominium building (or complex of buildings) will contain anywhere between two to several hundred units, each individually owned. While each owner owns a unit, the building’s hallways, elevators, and amenities are collectively owned and managed.

Condos vs. Coops

It’s crucial to recognize the difference between coops and condos. Condo owners hold direct title to their individual units. In contrast, coop residents don’t have direct ownership of their apartments; rather, they hold shares in a corporation that entitle them to reside in a particular unit. Condos offer more ownership autonomy compared to coops and are often preferred by purchasers seeking greater control over their real estate investments and the ability to lease their apartments. The distinction between coops and condominiums impacts everything from financing to governance, making it critical for anyone thinking of purchasing a condo to understand the law as it applies to their transaction.

Understanding Condo Laws in New York City

New York City has specific laws and regulations governing condos which are designed to protect both unit owners and the condominium as a whole. These laws cover various aspects of living in a condo, including financial responsibilities, governance, maintenance, and dispute resolution. Condominium associations are typically responsible for managing the building’s common areas and ensuring compliance with city regulations.

Real estate laws in New York City can be intricate, with frequent updates and revisions. Therefore, it is essential for condo owners to stay informed and seek legal guidance when necessary to navigate these complexities. A condo attorney with extensive experience in New York’s rules can provide valuable insights and assist in interpreting and adhering to these regulations.

When to Consult a Condo Attorney

Knowing when to consult a condo attorney is crucial for safeguarding your interests as a condo owner or buyer. Whether you are a new buyer seeking guidance on condo rules and regulations, an existing owner facing conflicts, or a board member seeking general counsel on governance, our skilled attorneys are equipped to assist. Some common scenarios that warrant legal counsel include:

  1. Purchasing or selling a condo: Real estate transactions in New York City can be complex, and having an experienced condo attorney review contracts, negotiate terms, and ensure compliance with local laws is essential.
  2. Disputes with condo associations or neighbors: Conflicts can arise over various issues, such as maintenance responsibilities, common area usage, leaks, or noise complaints and other violations of house rules. A condo attorney can help mediate disputes and protect and enforce your rights.
  3. Changes to condo bylaws and regulations: When condominium associations propose amendments to bylaws or house rules, legal guidance can ensure that the changes align with everyone’s best interests.
  4. Financing and refinancing: Securing mortgage loans or refinancing a condo can be complex, and having an attorney review the process helps prevent potential pitfalls and expedites the process.

How Our Condo Attorneys Can Help You

At Holm & O’Hara LLP, our New York City condo attorneys provide a wide range of legal services tailored to the unique needs of condo owners and purchasers. From drafting and reviewing governing documents to representing clients in real estate litigation, we offer comprehensive support. Our team excels in resolving disputes between unit owners, boards, and third parties, ensuring that your legal rights are upheld.

Speak with an Experienced NYC Condo Attorney

Choosing the right condo attorney can make a difference in protecting your investments and ensuring smooth ownership. At Holm & O’Hara LLP, we pride ourselves on our detailed understanding of condo law and our commitment to providing personalized legal solutions. Our team of lawyers combines extensive experience with a deep understanding of New York City’s unique real estate landscape.

Contact us today to learn how Holm & O’Hara LLP’s attorneys can assist you. Whether you’re a condo owner, buyer, or condo association member, we are here to provide you with the legal service and guidance you need for peace of mind.

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