Local Law 38: Management's biggest challenge in new millennium.
Real Estate Weekly › February 23, 2000
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Local Law 38: Management's biggest challenge in new millennium.
Local Law 38 is a nightmare for New York City cooperatives and condominium associations that own buildings erected before January 1, 1960. To enforce and comply, management companies will have to hire additional administrative personnel and create an entire separate Local Law 38 file system.
They will be held liable for mistakes in maintaining these files, which must contain, among other things: (i) proof...See the full content of this document
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