Tag: Board of directors

Q&A Q&A: Inquiring Minds Want to Know
2014 September Q&A: Inquiring Minds Want to Know

Q I have a few questions that I would like to post: 1) Is it true that the board can deny my refinancing application and not provide a reason? What are my rights? How can I fight this? 2) Can the board sue me for writing an open letter to…

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Board Operations Monster Meetings
2014 August Monster Meetings

The headline of a recent Walpole, Massachusetts newspaper article reads: “Fight between Walpole selectmen cuts meeting short.” The first sentence of the article stated, “Selectmen came to verbal blows on Tuesday night, prompting other boar…

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Q&A Q&A: Taking the Fifth
2014 August Q&A: Taking the Fifth

My association's documents say that the board must consist of five total members. This past election, only four people ran and got elected. Does the new board then have to appoint another member? If they choose not to for some reason, can a…

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Q&A Q&A: Investor on the Board
2014 July Q&A: Investor on the Board

Q “We live in a condominium development of 130 units. One investor own 48 of these units. He’s taken two seats on the board since 1986. No one votes for him, I suspect he always votes for himself and gets on the board. Can this be possibl…

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Q&A Q&A: Filling a Board Seat
2014 July Q&A: Filling a Board Seat

My association's documents say that the board must consist of five total members. This past election, only four people ran and got elected. Does the new board then have to appoint another member? If they choose not to for some reason—can an…

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Board Operations To Choose or Not to Choose
2014 June To Choose or Not to Choose

Running the day-to-day business of a co-op, condo or HOA of any size—be it a self-contained high-rise in Manhattan or a sprawling, multi-building community in Queens—requires not just a functional board but a team of competent outside prof…

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Law & Legislation Avoiding Legal Blunders
2014 June Avoiding Legal Blunders

Much like corporations and charity organizations, condos, co-ops and HOAs across the nation are helmed by groups of residents who volunteer to serve their communities, and who are elected to their post by their neighbors. This is of course…

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Q&A Q&A: Boards and the Right to Sublet Apartments
2014 May Q&A: Boards and the Right to Sublet Apartments

Q Can original co-op owners' rights to sublet their apartment be changed by a board resolution which refers to the BCL Section 501(c)? It seems that the appellate division of the Supreme Court of New York has ruled that section 501 (c) pr…

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Board Operations A Board Too Far
2014 March A Board Too Far

While it's true that having apathetic leadership is an all-too-common problem in a lot of co-op and condo buildings, having a board that oversteps the boundaries of its power or invades the privacy of residents can be just as bad. Ignoranc…

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On Board
2014 March On Board

The Building: Glen Oaks Village is a self-managed cooperative residential housing development located in northeastern Queens. It was built in 1947 shortly after WWII to help fill the void of affordable housing for returning GI's. Originall…

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