Insights & News

Becker Shareholder Jennifer Karnes was recently featured in the Real Estate section of The New York Times, where she addressed the rights of condominium owners navigating a lack of transparency from boards and management. Citing New York’s condominium law, Karnes explained that owners are generally entitled to review critical financial […]

The 2025 Legislative Session brought us multiple changes to the Florida Condominium Act. House Bill 913 contained 191 pages of changes to Chapter 468, governing community association managers; Chapter 553, governing condominium milestone inspections; Chapter 718, governing condominiums; and Chapter 719, governing cooperatives. Chapter 720, governing homeowners’ associations, was not […]

WHAT HAPPENED: This case arises out of postings allegedly made by the defendants in a private online forum for residents of the plaintiff Trump Village Section 4, Inc., a cooperative complex located in Coney Island, New York. The summons and complaint were filed on June 13, 2023. The complaint alleges […]

Q: Our condominium consists of a number of buildings with two residential floors with covered parking underneath. It is my understanding that the prior statutes allowed associations to partially fund the reserves. Fully funding the reserves through increased quarterly payments or a sizable special assessment will impose an unnecessary hardship […]

Q: Can you explain how a condominium association’s budget is made and presented? What is the difference between operating expenses and reserves? What are straight-line and pooled methods for reserves? (J.D., via e-mail) A: In last week’s column, I answered parts of this question by explaining the differences between operating […]