Q My mother recently passed away and I inherited her shares in a Mitchell-Lama co-op building. It's taken quite some time to run down the paperwork, and make preparations to empty the unit, and the building management has not been at al…
Category: Q&A
Q “My co-op recently charged a shareholder for a letter written to her by the co-op’s attorney. Other shareholders have received similar letters but haven’t been charged for them. Is it permissible for the board to charge such a fee an…
Ladies of the Night? Q I am writing to find out information on how to deal with a current problem in our condo building in New York City. We have recently noticed a couple of apartments being used as brothels. We live in a new, …
Q Does the sunshine law pertain to co-ops? And if so how, as far as keeping shareholders in the dark about misused finances? We recently overturned our board except for the president that still is finishing her term. The new vice pre…
Q If a co-op board member collects proxies from other shareholders and she or he uses those proxies to advance her/his own interests orpersonal opinion, to move forward a proposed amendment of the proprietary lease, for example; is t…
Q The board of directors at my co-op recently mandated that every apartment must carry homeowner’s insurance and list the complex as “additionally insured.” My insurance agent says that by listing them as “additionally insured” on the po…
Q “My boyfriend and I live in a co-op apartment. The mortgage is in my name but he is listed as a co-resident of the apt. If we break up, is there a chance that we would have to sell the co-op to split the ownership of shares? What l…
Q I live in a self-managed co-op and we are getting conflicting information about whether co-ops can disallow roommates or not. We've heard that the board of directors has absolute decision making power over whether or not to allow room…
Q “What recourse do unit owners have when a board is negligent of their duties? For example, a violation of the bylaws occurs when the board does not inspect common areas for safety and aesthetics when it specifically states in the b…