Community Association LawVerde, Steinberg & Pontell has focused on community association law since 1986, representing cooperative apartment corporations, condominium associations, homeowner associations and real estate developers. Using this experience, the law firm counsels its clients in the administration of their respective community associations, helping them navigate through and comply with applicable laws and regulations as well as their own governing documents. The firm also prosecutes and defends law suits on behalf of the associations, and reviews and prepares contracts for various repair and renovation projects. The law firm’s commitment to the community associations extends beyond routine legal matters. By way of example, when bank loans to prospective purchasers of cooperative units were practically non-existent in the mid-nineties, Verde, Steinberg & Pontell enlisted the efforts of a local United States Congressman to request Fannie Mae to revise its guidelines for loans to purchasers of cooperative units in New Jersey and sat on the committee to monitor the program.
Verde, Steinberg & Pontell also represents real estate developers in all facets of the construction or conversion of planned real estate developments, including representation for construction or permanent financing, preparing and filing the application (including the public offering statement) with the New Jersey Department of Community Affairs, closing unit sale transactions and assisting the client through the transition process when control of the community association passes from the developer to the resident owners.