Tag: WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP

Management Tales From the Dark Side
2015 April Tales From the Dark Side

Most condo/HOA boards are made up of ordinary, well-meaning folks who volunteer for the relatively thankless job of running their association. They donate their time, expertise, and effort to make their community as functional, solvent, an…

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Law & Legislation Going Overboard
2014 October Going Overboard

Condos and homeowner associations have made headlines over the years for passing all kinds of overreaching and downright silly rules and regulations—everything from forbidding the flying of the American flag to having prohibitions about ha…

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Board Operations Who’s Responsible for Repairs?
2014 August Who’s Responsible for Repairs?

Say you’re in bed and you hear what sounds like the shower going, but it's late, and you're tired, so you pay it no mind. You wake up at 4 a.m. to get a glass of water, and find half the rooms in your apartment flooded— you forgot to turn …

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Q&A Q&A: Investor on the Board
2014 July Q&A: Investor on the Board

Q “We live in a condominium development of 130 units. One investor own 48 of these units. He’s taken two seats on the board since 1986. No one votes for him, I suspect he always votes for himself and gets on the board. Can this be possibl…

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Shareholder Relations Making the Switch
2014 February Making the Switch

The goal of any property developer is to sell units, but until that objective is reached they have to assume all the day-to-day responsibilities to ensure smooth operations and continued sales. This requires wearing many hats—manager, boar…

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Board Operations Writing the Rules
2014 February Writing the Rules

Community living' in the context of a co-op or condo building means abiding by a set of rules and regulations designed to serve the community’s best interests and maintain property values. The building board makes the rules, and the reside…

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Q&A Q&A: No Election, No Quorum?
2014 February Q&A: No Election, No Quorum?

What happens when there is no quorum at a shareholders meeting and therefore there is no election for new board members? The same board has remained in my co-op for many, many years without a chance for us to vote them out. Isn't there a la…

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Board Operations High & Mighty
2013 October High & Mighty

There’s nothing worse than being a unit owner in a building and seeing someone on your board breaking a rule and seemingly getting away with it. Some board members believe that they are “above the law” so to speak, and seem to be ope…

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Law & Legislation Listen Up!
2013 June Listen Up!

 While some condos and co-ops are lucky enough to have lawyers serve as members  of their board, the majority of boards don’t have an in-house legal expert. They often reach out to their attorney to  answer questions, vet documents and sen…

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Law & Legislation An Unusual Assessment
2013 May An Unusual Assessment

 A recent federal appeals court decision on the subject of income tax law stands  to be of great benefit to cooperative corporations around the city,  particularly in light of damage suffered in many buildings from Hurricane  Sandy. Alphon…

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