While a lot of the day-to-day business of running a co-op or condo building happens in the management office or on-site at the level of maintenance and staff management, meetings—board-only and resident alike—are the forum where importa…
Who wouldn’t want to be on the board of directors of their co-op or condo, watching over their most precious possession and probably their most significant investment—their home? Most people, actually. It’s a rare co-op or condom…
In today’s economy, co-ops and condos are looking for ways to cut costs wherever they can, and many are turning to examining their legal bills. The problem is two-fold: first off, you don’t want to compromise your relationship with your…
Despite the due diligence of boards and property managers, building code violations can occur during routine inspections—be it a faulty pipe, broken step or rusted fire escape. It is the speed and accuracy of addressing these infraction…
Being elected to the board of directors of a co-op or condo comes with a great deal of power, and with that power also comes a great deal of responsibility. Whether they serve a co-op or condo community, board members, in their position …
It is one of life’s eternal questions: is it possible to have too much of a good thing? That question certainly can apply to the matter of long-serving board members: those individuals who get elected and re-elected term after term and …
No one likes it when a neighbor has an ongoing renovation project that lasts for months on end, especially when the renovations may cause damage to your own apartment. Luckily, most buildings have a mechanism in place to fix this: the …
Q I am a shareholder in a newly formed co-op in Harlem. About six or eight months ago, the super was fired and a new one was hired. The fired super still lives in his apartment (provided by the co-op) and has filed a discrimination l…
During the real estate boom of the last decades, many new condo buildings used to use extravagant amenities as a tool for new buyers. Marble-top counters, exercise rooms, Jacuzzis, free cars for buyers, childrens' playrooms, computer lo…
As the directors of a cooperative corporation, co-op board members have a number of duties to their shareholders, chief among them to preserve and improve their investment and to maintain and/or improve shareholders’ standard of living …