Tag: Mindy H Stern

Q&A Q&A: Do we have to pay a flip tax?
2015 June Q&A: Do we have to pay a flip tax?

Q I am the owner of an apartment in a co-op where I own about 9% of the outstanding shares. We are in the process of selling our apartment and were told that there would be about a 1% flip tax payable to the co-op after the sale. This fli…

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Security Guests in Co-ops and Condos
2014 December Guests in Co-ops and Condos

Whether you live in a Midtown high-rise or in a more spread-out outer-borough HOA, security—for both property and physical safety—is an important issue in any condo community. Who can come in, at what times, how long they can stay, and how…

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Board Operations Happy Holidays!
2013 November Happy Holidays!

Holiday decorations are an easy way for an association to spread some seasonal cheer and add a cozy, communal vibe to the neighborhood. But what was once a practice limited to a couple of lights, ornaments and a menorah or two has migrated…

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Law & Legislation No Time Like the Precedent
2011 June No Time Like the Precedent

 Co-op and condo boards are made up of resident volunteers who want to serve  their building communities and have a hand in its governance. While some board  members actually make their living as attorneys and have a working knowledge of  …

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Q&A Q&A: Family Trust
2006 Nov Q&A: Family Trust

Q My parents are both in their seventies and have begun setting their financial affairs in order. They have put whatever assets they own, such as cars, stocks and bonds, into their family trust in order to simplify their estate and avoi…

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