Altered States

Published: Sept. 17, 2012, midnight

The chopping and sawing you are hearing is a noisy but necessary sound as more and more cooperatives and condominiums are facing altered states. The scenarIo is simple: as new, younger people move into older apartment buildings, they are paying more and expecting more. They want to upgrade kitchens, or bathrooms, or living rooms to bring them in line with their visions of home. That’s where alteration agreements, the subject of this podcast, come into play. We will be discussing how to create and implement them: from the advisors you need to consult to the legal protections you should include. This week, Habitat publisher Carol J. Ott talks with C. Jaye Berger, of the law offices of C. Jaye Berger, and Elliott Meisel, of Brill & Meisel.