The relationship between boards and management is, by its very nature, a deep and complex one. The two sides rely upon one another to ensure the smooth oversight of their co-op and condo communities. Both are dedicated to doing everyth…
In an era of tight budgets and growing green consciousness, more co-op and condo communities than ever before are moving toward energy conservation and sustainable resources. For those residential buildings lucky enough to stand tall i…
Living in a condominium community means working together. Cooperation and a spirit of volunteerism are visible every day in community gatherings, board meetings, even in the scheduling of time on the tennis courts. The men and women wh…
When disaster strikes, whether in the form of a storm, a fire, or some other crisis, the devastation can be overwhelming—something we’ve seen too many times this summer on the nightly news. From making sure loved ones are safe to helping…
Perhaps one of the most difficult aspects of the recent recession was the sudden evaporation of credit from major banks and lending institutions. The logic behind it was understandable: too much easy credit had led, in part, to the col…
With homeownership comes great responsibility. For co-op and condo residents, part of that responsibility means sorting through the seemingly mile-high stacks of documents handed to you before, during and after the purchase process beg…
These days, the urge to save a few dollars here and there may be inspiring the creatively inclined to try their hand at home renovation. Before picking up the paint brush or tearing up that carpeting however, it may be worth it to consu…
For many, the idea of getting a new mortgage on a home or apartment is enough to cause even the heartiest soul to break out in a light sweat. Now imagine refinancing a mortgage for a multimillion-dollar co-op building, and the light sw…
It’s no secret—living space is at a premium in New York City. Balconies can go a long way toward providing a little extra elbow room by giving co-op and condo residents the square footage necessary to entertain, relax or simply enjoy a …
Sometimes, just getting two people to agree on what to have for dinner or what movie to see on a Saturday night can seem like an overwhelming task. Now imagine trying to get five, seven or nine people to make million-dollar decisions t…