For the past few years, the condominium board and management has denied me the right under our bylaws to audit and inspect the books of the condominium. What action, if any, can I take? —Concerned in Chelsea “Both New York law …
While the vast majority of one-time projects and long-term service contracts involving vendors and service providers and their co-op, condominium or HOA clients go smoothly and either conclude or continue without incident, a small perc…
Q I am currently interested in purchasing a co-op apartment. However, my mortgage broker advised that since the co-op has issued both common and preferred stock, that it does not technically qualify as a co-op under the IRS 216 ruling, …
Mention “problem residents” in the context of a co-op or condo building, and chances are most people will think about the noisy kids upstairs, the perpetually grumpy /litigious guy on the third floor, or the lady down the hall with 12 c…
The issue of intellectual property and an individual’s right to privacy has become a greater concern since more and more people conduct their lives online—whether for banking, social media or dating. While the aforementioned generally h…
Launching a successful business requires talent, the commitment of many people, dedication and of course, a clear cut plan and strategy. Just like launching a business, a co-op or condo needs this kind of support when it makes the tran…
Q A board member had dormers installed in his apartment which required a permit by the New York City Department of Buildings (DOB). As the project was ending, he told the architect he did not want to do what was necessary to have the DO…
Q At our last annual meeting, the president, vice president and all other members of the board were present. However, without any explanation to the shareholders present, the corporation’s counsel proceeded to conduct the meeting by fir…
There’s nothing worse than dealing with someone who has let their power go to their head, and when you’re talking about a co-op or condo board member who starts to act above everyone in the building, huge problems can arise. J…
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…