On Demand Audio

Negotiating Management Agreements for Condos, Co-ops and HOA’s in New York

Produced on September 24, 2019

Taught by
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Course Information

Time 53 minutes
Difficulty Beginner
Categories Real Estate

Course Description

Condominium associations, Co-op corporations, and Homeowner Associations (HOAs) often rely heavily on their management firms. Accordingly, attorneys advising these associations should be well versed in the duties that management needs to perform, and important issues that should be considered when drafting common management agreements.

This program, taught by Ken Jacobs of Spolzino Smith Buss & Jacobs, LLP, will guide viewers through common features of management contracts with community associations, pitfalls to avoid, and best practices when advising co-ops, condos, and HOAs.


Learning Objectives:

  1. Identify common issues in Association management contracts
  2. Draft strong contracts to protect your client
  3. Advise clients on their rights and responsibilities when working with management

Credit Information

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Faculty

Kenneth R. Jacobs

Spolzino Smith Buss & Jacobs

Kenneth Jacobs’ counsel is held in high regard. He is a widely recognized authority in Commercial Real Estate and Cooperative and Condominium law, and his intelligent approach to negotiations and conflict resolution adds value to every client relationship at the firm.

Mr. Jacobs maintains a sophisticated practice in commercial real estate, including office and retail leasing, financing, development, sales and acquisitions. He assists clients in structuring their investment and operating entities for maximum flexibility.  Based on the breadth of his background and experience, Mr. Jacobs is able to counsel developers and owners from both a legal and practical standpoint.

Mr. Jacobs is a known leader in condominium and cooperative law. In combination with his command of commercial real estate complexities, Mr. Jacobs possesses an astute understanding of the real-world issues that community associations and owners need to address on an ongoing basis, as well as the complex array of interests of all parties in condominium offerings. He drafts and structures offering plans, negotiates the terms of sale and purchase on behalf of Sponsors and tenant associations, facilitates the transition from Sponsor control to independent control of co-op and condo Boards, and assists newly established Boards in developing governance policies to protect the long-term interests of the association with confidence. Mr. Jacobs negotiates regularly on behalf of associations to obtain what was promised to the association in the offering plan, and on behalf of Sponsors to protect against unwarranted demands by owner groups.