Now that you know the problems of renovating, it’s time to take a look at the proposed solutions and what they mean for you. The new Alteration Agreement imposes few new restraints on the types of work owners can do, but it vests boards with considerably more control over the process by empowering them to use advance cost shifting as well as stringent monetary and other sanctions. But does the punishment fit the crime? Read more »

So what are the new renovation rules going to do for – or against – me? That’s what you’re probably asking. In case you haven’t heard, recently the Co-op and Condo Committee of the NYC Bar Association posted on its website a proposed new Alteration Agreement for co-ops. What’s wrong with the old rules, you may be thinking. Before you can decide if the changes make sense, you have to understand that renovations in High Rise Society can be a test of wills. Read more »