Tag: Thomas D Kearns

Board Operations The Call of Duty
2014 October The Call of Duty

When electing board members to serve on behalf of your condo or co-op community, you expect them to act as crusaders for prosperity, considering the needs of the building and the people who live there to be paramount when making their deci…

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Board Operations Knowledge is Power
2013 April Knowledge is Power

 While essential to the successful operation of all cooperatives or condominiums,  the contents of governing documents are often only glossed over by otherwise  well-intentioned boards members and managing agents leading to potential  pitf…

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Q&A Q&A: Dealing with an Intimidating Board President
2011 July Q&A: Dealing with an Intimidating Board President

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…

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Law & Legislation The Paper Chase
2011 June The Paper Chase

 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…

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Q&A Q&A: Taking Action Against a Negligent Board
2011 May Q&A: Taking Action Against a Negligent Board

Q Our building is being run by family-based board members. The building is falling apart and there are apartments that have been sitting empty for more than 10 years. We have never seen a financial report. What can we do to change this? …

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Q&A Q&A: Uncooperative Cooperator
2010 Nov Q&A: Uncooperative Cooperator

Q I am vice president of our board and we have 102 shareholders. One shareholder in particular seemingly has a vengeful axe to grind with the board and distributes critical letters to all shareholders condemning every action or boar…

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Q&A Q&A: Home Equity Loan Requests
2008 Aug Q&A: Home Equity Loan Requests

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…

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