Q We have a president in a cooperative building that has secret meetings and does everything possible to force his ideas on the membership. He is seemingly vindictive and tells owners if they don’t like it they can move. What can we d…
Tag: OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Q I am on the board of a cooperative building in New York City. We have recently received two requests from shareholders looking to borrow additional funds by taking out a second loan, (in each case an equity line of credit arrangement) t…
The tenant below me smokes nonstop. Her windows are always fully open and the smoke travels directly into my apartment above. My apartment smells like an ashtray and of course leaves us vulnerable to second-hand smoke. Even with our wind…
Q We are having a few issues with our co-op board and the management company. Since the new management company has been ‘in power’ (about three years) the maintenance payments have been raised more than 20 percent in two increases. The …
Q I live in a large co-op on the Upper East Side which consists of 300 units. Six residents on the second floor, including myself, have terraces. Over the years large quantities of various items have come out of the windows above us and…
Q Do we, as a co-op collecting maintenance, need to comply with a shareholder’s written request, pursuant to RPL: Article 7 Section 235-e for written receipts for maintenance paid by personal check? Does this section even apply to maint…