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While legal fees may be an unavoidable cost of doing business in a co-op, condo or Home Owners' Association, such expenses are certainly controllable. Through preventive action, proper utilization of attorneys, and mitigation of costs once counsel has been retained, boards can, through their own vigilance, contain legal costs. Proactively reducing costs and making your co-op, condo or Home Owners' Association more efficient does not necessarily align with “how it’s always been done.” Cost reductions can come from the most unlikely sources, like preventing lawsuits, updating policies and procedures, and even going green! During this session, Anderson Kill and The Folson Group will discuss what Boards can do to cut costs and further increase the value of their properties to benefit their shareholders and unit-owners.
Please see attached link: Legal Cost Control for Co-op, Condo Boards and Home Owners' Associations
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