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Romer Debbas LLP is excited to present its first Co-op/Condo Newsletter.  Look for it every month as it will contain useful information and helpful updates on issues you need to know regarding coop/condo matters. And your feedback is welcomed!
Romer Debbas LLP and the Condo/Co-Op Division were featured on the cover of the January edition of Mann Report Management. 
"Richard Klein spent close to 20 years as a solo practitioner and was a well-known attorney in the co-op/condo world upon joining the team at Romer Debbas. While he had a successful solo practice, Klein found the firm’s structure and platform to be appealing, and hoped to expand and grow his client base. Today, Klein runs the firm’s general governance group for the boards the firm represents. Romer Debbas then recruited Emil Samman to be the practice’s lead litigator. Samman had been litigating co-op/condo cases for several years and had a niche in real estate-related litigation matters. Since Samman’s arrival the firm has been named to panel counsel for Travelers (one of the largest insurance companies in the country) in which the firm acts on the behalf of co-op/condo boards in any litigation it’s involved with. While expanding its footprint in representing insurance companies, the firm also handles title claims litigation on behalf of First American, Stewart, Title Resources Group, and AmTrust. Klein and Samman also have an associate, Leanna Barbieri, who has gained expertise in both litigation and general governance matters for co-op and condo boards."

"When structuring a co-op/condo department, the key elements are handling general governance, acting as transfer agent, commercial leasing, architect’s agreements, litigation, and commercial finance. Growing each of these practice areas in the firm is why Romer Debbas has been able to double the amount of boards it represents in less than a two-year time span. The firm has developed a reputation as aggressive marketers and for recruiting talented attorneys. In terms of recruiting, lawyers who were either solo practitioners or partners at large law firms have come over to Romer Debbas. The firm provides a very entrepreneurial approach to the practice of law and has provided all of its partners with a tremendous platform in which they have all grown their client bases substantially."

"The co-op/condo board practice has helped grow several of the firm’s other practice areas. Romer Debbas is unique in the sense that there are few firms in Manhattan that specialize in so many different areas of real estate law. Maintaining a vibrant practice in all of these different areas has helped the firm develop rather organically, as each practice grows the other if structured properly. In 2018, the firm was recognized in Super Lawyers, which is published in The New York TimesLeaders in the Law, published in New York Magazine,and was rated as one of the top real estate law firm’s in New York City by U.S. News and World Report, which also publishes its rankings in Best Lawyers."
 

Read the full story in the Mann Report Management e-magazine or on their website.

1. Updating your Proprietary Lease and By-Laws to make sure they are equipped to address issues in today’s market.
2. Monitoring and addressing common charge and maintenance arrearages.
3. Reviewing and negotiating 3rd party vendor contracts and commercial leases to save the board’s money.
4. Facilitating dispute resolution regarding quality of life issues.
5. Employing experienced co-op/condo litigation counsel at your disposal to help you avoid issues that can lead to a lawsuit in the future.
Don’t get burned by your stove!
Reminder, effective December 18, 2018, landlords and owners of tenant-occupied condo and cooperative units must provide annual notices to tenants regarding availability of stove knob covers for gas stoves and provide the stove knob covers within thirty (30) days of the tenant’s request.
Romer Debbas LLP Partner Richard Klein wrote the editorial "Buying a Very Affordable Apartment for a Lot of Money!" in the Mann Report Management November/December edition. Read the full editorial here.
Copyright © 2019 Romer Debbas LLP, All rights reserved.

275 Madison Avenue, Suite 801
New York, NY 10016
T: 212.888.3100 F: 212.888.3201
www.romerdebbas.com


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