Managing a cooperative or condominium apartment building in New York would be a piece of cake… if weren’t for all those people. “The bricks and mortar is easy,” says Margie Russell, managing director of the New York Association…
Tag: Corporate law
No matter if they're overseeing a towering high-rise or a sprawling suburban association, co-op and condo boards usually have their fair share of problems to be solved and emergencies to be defused. Talk to enough people who have dealt…
Q We have had one tenant/shareholder who has cost the co-op over $100,000 in legal fees since 2000. We continue to be at odds with this tenant because of her objectionable behavior. She continually makes unfounded calls to the police d…
Getting elected to the board of one's co-op or condo building is usually a very positive thing: it gives a person the chance to play a part in the preservation of their community, and also gives them the opportunity to leave it in bette…
As a shareholder or condo owner, you’ve got a gripe. Whether it’s about Mrs. Smith’s poodle barking all day, the neighbor’s teenaged son who blasts his heavy metal music full-volume when his parents aren’t home, or a long-coveted parking…
Co-op and condo board members are generally volunteers who live in their building and give of their time and expertise to help make sure their home is well-run, and their investment protected. In a perfect world, new board members are a…
Holding regular meetings is one of the most essential tasks of a co-op or condo board, because that’s where the building’s policy is formed, where business decisions related to the community are made and usually where administration of …
Q “I live in a co-op in and had a question about proxy voting. In a recent vote, some proxies were left unassigned although everything else was filled out correctly. Does this make them automatically void because they were incomplete?…
The investment represented by your co-op or condo unit is likely your greatest asset—and protecting and cultivating that asset is important, especially in the current turbulent economic times. So why are so many shareholders and unit o…
Q I own a co-op. A husband and wife live in a neighboring unit that is owned by their son. Many years went by without incident. But in the last couple of years, the woman has started verbally abusing me to the point that I have had …