Join Fox Rothschild Cooperative & Condominium attorneys Howard Schechter, Dale Degenshein and Peter Massa for a breakdown of two brand new laws that demand your attention now.

New York's newly enacted "pied-à-terre tax" imposes a steep annual surcharge on high-value apartments not used as a primary residence, and it applies equally to condominium units and cooperative apartments alike. But here's the catch for co-ops: because a cooperative building is a single tax lot, one non-paying shareholder's surcharge can become a lien against the entire building, and boards may find themselves forced to front the bill out of building reserves while they chase down the responsible shareholder.

At the very same time, Local Law 58 of 2026 puts every co-op board (but notably not condo boards) on the clock, mandating a 15-day acknowledgment and a 45-day decision on every purchase application.

Don't get caught off guard. This webinar – which is tailored specifically for New York co-op and condo owners, board members and their managing agents – will provide the practical steps you should be taking right now to protect your building and shareholders

CLE credits are available.