It’s not a thankless job, necessarily—every once in a while residents will express their gratitude, if the elevator ride is sufficiently awkward—but it is a moneyless one. It’s also a hefty part-time job at best, and can at times take up…
Q Several others and I are shareholders in a co-op on the East Side of Manhattan. Our board and management company are putting through Local Law 11 repairs. This is not a problem. However, they have refused for any of the shareholders t…
Q Several others and I are shareholders in a co-op on the East Side of Manhattan. Our board and management company are putting through Local Law 11. This is not a problem. However, they have refused for any of the shareholders to see th…
Q Our board president was given a violation for doing electrical work without a permit and blamed the superintendent for reporting the work to the New York City Electrical Board. She asked the board for the reimbursement for the cost o…
Q I have been an apartment owner in a Woodside cooperative since 1985. Presently, we shareholders are faced with the problem of an overly controlling board. I am looking for an explanation, in layman’s terms, of ARTICLE III, title…
Is there anybody in this world who likes sitting through meetings? Too often they seem pointless, endless and directionless. But they’re part of co-op and condo life, an important part in fact, so if you’re a board member or property man…
As an attorney who represents co-op boards, building managers and shareholders, one sometimes wonders if the expression—“ You can’t please all the people all of the time” best applies to the idea of creating harmony between these partie…
The Business Corporation Law, or BCL, is one of the primary statutes regulating operation of cooperative housing corporations. The BCL was implemented over a century ago, and remained more or less unchanged until it was overhauled in 19…
One of the biggest complaints heard by attorneys, managers, neighbors, —and yes, even publications like The Cooperator—from co-op and condo dwellers is that board members do not respond promptly to shareholder/owner complaints, or wors…
There's a lot of paperwork that's involved in running a co-op or condo building - everything from financial records to legal documents, shareholder correspondence and management statements from board meetings - and it's important that the …