Tag: Bruce A Cholst

Board Operations Upholding Your Fiduciary Duty
2015 October Upholding Your Fiduciary Duty

Being on the board of a co-op or condo is a big responsibility—one that shouldn’t be taken lightly. While some people may run for a board seat just to have the title, they need to be prepared to govern fairly and make decisions that are in …

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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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Finance Worst-Case Scenarios
2014 February Worst-Case Scenarios

You always want to feel safe in your home, but as the past few years have proven, you never know when a major calamity or weather disaster is going to strike. While most of New York City proper wasn’t hit as hard by Superstorm Sandy as som…

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Board Operations The Ruling Class
2013 October The Ruling Class

If your neighbor blasts his music during the weekends, do you have a right to complain to the management? Can you sublet a room in your co-op apartment to make some extra cash? How many unit owners have to be present at a meeting in order …

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Finance Coping With Arrears
2013 July Coping With Arrears

 The foundation of any properly run condo association or co-op building rests on  residents paying their monthly maintenance fees on time and in full, with no  delays or delinquencies. However, in the wake of the recession, with many  shar…

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Real Estate Trends Holiday Harmony
2011 November Holiday Harmony

 One of my five-year-old daughter’s favorite YouTube clips involves an elaborately decorated house, whose  thousands of colored Christmas lights were programmed to flicker, strobe, wave,  and blink to the tune of the Trans-Siberian Orchest…

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Q&A Q&A: Right to Anonymity
2010 April Q&A: Right to Anonymity

Q When a management agent of a condominium in New York City receives a complaint from a unit owner about another unit owner, is he or she allowed to tell the other party the name of the complainant. Is this ethical and is there a re…

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Management Relations New York City Professionals Weigh in
2009 Jan New York City Professionals Weigh in

Last January, not even television psychic, Ms. Cleo, could have predicted the events that were set to unfold in 2008. With the unraveling of the economy that we’ve already heard quite a bit about and forecasts for a gloomy start to 2009…

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Q&A Q&A: Tenant Lockout?
2008 Aug Q&A: Tenant Lockout?

Q We have a number of apartments in our condominium where owners have not paid maintenance for a few months. As our condo is in the process of legal action and collection against these owners, can we stop their access to the apartment unt…

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