Q I live in a high-rise co-op on the Upper East Side and have a situation where my neighbor two floors down built a terrace and installed six string up-lights, for "landscape" lighting, which shine up into my windows. They leave the…
Tag: Corporate law
Q I am the vice president of our co-op board. Just recently we found out through a real estate ad that the president of the board is selling his unit. Does this pose a conflict of interest? In effect should the president remain the …
Everybody sometimes disagrees with the decisions of their co-op or condo board. Maybe the choice to rearrange the garbage receptacles out front seems ridiculous, or the ongoing clattering of machinery on the roof is driving the top-flo…
It’s an oft-repeated refrain that co-op and condo boards are groups of unique individuals with their own perspective and opinions, so no two boards are ever the same. That being said, there are certain overall organizational characteri…
Q We are a small co-op building of 28 units in Jackson Heights, Queens. We would like to know if during an interview of the prospective buyer a seller is allowed to be present, where he/she might intervene during the process favoring…
In managing the affairs of a building or a community, all board members are far from equal in their abilities and skills. Some bring experience in construction or a background in law, finance, or other professions that can be helpful to…
Most people assume that the board of directors runs the building. Actually the responsibilities for maintaining the building are usually divided between the board of directors and the managing agent. Both parties perform their functions…
Q I am newly elected to the board of a small (32-unit), self-managed condominium, where traditionally there has been little transparency between the board of trustees and the unit owners. The board has been stingy with information and …
These days, there’s no shortage of articles in magazines, newspapers, and online about how time-crunched most people feel. Between work, family obligations, long commutes, and a vast array of other factors vying for attention and precio…
On last season’s “The Apprentice” reality show, celebrities volunteered their time to team up and compete, not for a job with the Donald Trump organization, but to win a large donation to their favorite charity. The show’s concept is to…