Cooperative and Condominium counsel Chris Tumulty was featured in a Habitat Magazine interview in which he discusses alteration agreements in self-managed buildings.
When asked about the challenges of self-managed buildings, Chris highlights, “in a self-managed buildings, it’s the board’s responsibility to make sure alterations are done properly, safely, and in conformance with any requirement the building may have.”
Chris continues by explaining that the board should set forth specific requirements in a well-drafted alteration agreement: “First of all, you would want to delineate the scope of work that you’re permitting the shareholder or the unit-owner to perform. You also want to ensure that they have properly licensed contractors, comply with laws, have proper insurance, and that they reimburse the board for any professional fees or expenses.”
|Tumulty, Christopher Counsel||Counsel||212.216.8096|