Q I own a co-op in Mount Vernon, New York. I was unable to sell the co-op so the board approved a sub-lease. The maintenance was in arrears by one month plus the current month. I was sent a letter by an attorney to pay the arrears plus t…
Q My wife and I own the shares for our co-op apartment jointly. We wish to establish a revocable living trust for our assets and the apartment. Our co-op board is unwilling to make the transfer to the trust. How can we convince the boa…
Q I recently encountered an unfortunate situation with a co-op apartment sublet, and hope that someone may have some advice. I recently signed a two-year lease to sublet an apartment in a co-op building in Manhattan, with the expectatio…
Q “Recently our association dues went from $166 to $275, and the main reason we were given was that the last board was 'corrupt' and money wasn't being allocated correctly. Another reason we were given was that others in the complex we…
Q I recently bought a co-op in Kew Gardens, and I am now living what is starting to seem like it will be a nightmare. When it came to the closing, I was only told of an assessment of an extra $60 each month, and, while this was a compl…
Q I am an owner of a co-op in Forest Hills, Queens. We currently have a flip tax of $2.00 per share. The sponsor is pushing to amend this to make it 3% of the sales price. The sponsor is also the managing agent and they do whatever they…
Q I believe that owners have a fiduciary responsibility to the association, as they are held in a public trust of that association just like board members. The responsibilities and duties of owners in a homeowner association are outlin…
Q We are having a major problem with our board president and vice-president. We have a seven member board, in which one of the directors has asked to see a list of bills paid to date and other board inquires. He was told that he is not …
b>Q We have a serious problem in our HDFC co-op, a limited equity cooperative. Number one, there have been no annual meetings for years. There have been no elections and the same people are entrenched on the board of directors. Thirdly, …
Q My car was vandalized four times on the co-op’s property. We pay to park there each month. I have paid three times now for the repairs and I think the co-op should pay. There are no signs in the lot saying they are not responsible. …