why doesn't the nys attorney general help co ops built in 1928

by Timmothy Willms 9 min read

Who regulates coops in NYC?

The New York State Attorney General's Office Real Estate Finance Bureau is charged with enforcing Article 23-A of the General Business Law (the “Martin Act”) and governing regulations that regulate the offer and sale of real estate securities, including cooperative interests in realty, syndications, and intrastate ...

What are the duties and responsibilities of the attorney general of New York State?

In fulfilling the duties of the State's chief legal counsel, the Attorney General not only advises the Executive branch of State government, but also defends actions and proceedings on behalf of the State. The Attorney General serves all New Yorkers in numerous matters affecting their daily lives.

Who is responsible for pipes in condo walls New York?

The unit ownerThe unit owner is generally responsible for all fixtures, appliances, and electrical and plumbing installations within the unit except if they are located in common elements and serve one or more units.

When did co ops start in NYC?

According to Seigler and Cooper-Levy, the first American residential co-op was established over 150 years later in 1876 on West 18th Street in Manhattan.

What do attorney generals do?

The U.S Attorney General represents the United States in legal matters and offers advice and opinions to the president and to the heads of the executive departments of the government if needed. The current U.S Attorney General position is held by Jeff Sessions, an American politician and lawyer.Apr 24, 2017

How much does the NY attorney general make?

State executive salariesOffice and current officialSalaryAttorney General of New York Letitia JamesNew York Secretary of State Robert RodriguezNew York Public Service Commission James Alesi$127,000New York Commissioner of Agriculture Richard A. Ball$120,80011 more rows

How do you fight a co-op board?

You may sue your co-op If the co-op is structured as a corporation and larger, then this body would be the board of directors. You can have a dispute with the co-op and sue it the same way you would sue any other type of business. Being a shareholder and part owner does not make you ineligible to sue.Feb 5, 2019

Who is responsible for Windows in a condo in NYC?

What repairs are co-op and condo owners responsible for, and what do buildings take care of? "Nine times out of 10, windows are the responsibility of the co-op," says attorney Andrew Freedland. When you own a New York City apartment, some things inevitably need fixing.Sep 16, 2021

Who should bear the cost of repair in case leakage in bathroom?

The expenditure of the internal leakage due to toilet, sink etc. should be borne by concerned flat holders, with the consent of the society. 3.Apr 21, 2014

Why do co-ops exist NYC?

Co-ops not only open up the possibility for a larger demographic to own but also can accommodate a greater range of design features, including features that share more in common with the average house than an urban apartment.Feb 10, 2020

Why was Co-op City built?

Co-op City was developed under New York's Mitchell-Lama Program, which subsidizes affordable housing. RiverBay charged that the state should help with the costs because of severe infrastructure failures stemming from the development's original shoddy construction, which occurred under the supervision of the state.

Why do co-ops exist?

Why do co-ops exist? The purpose of a cooperative is to realize the economic, cultural and social needs of the organization's members and its surrounding community. Cooperatives often have a strong commitment to their community and a focus on strengthening the community they exist in or serve.