In: new york city cooperative management
May 1, 2015
Local Law 11, Cycle 7 Amnesty Program
As we’ve covered before, Local Law 11 is one of the critical inspections and filing procedures for buildings that are large than six (6) stories within the confines of New York City. We’re now in Cycle 8 (info on that here). But if your building never filed for Cycle 7, and was required to, that would usually lead to harsh fines and penalties from the City. An Amnesty Program was just announced that should ease the burden and help the city stay safe at the same time.