Category: On The Board

Board Operations
2001 Oct The Age of Consultants

It appears we’re living in the age of the consultant. There are financial consultants, construction consultants, security and management consultants, and those that get you rebates on your building’s taxes and utilities. There are experts t…

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Board Operations
2001 Oct The Letter of the Law

Even the best-running engine–or the most well-built house–needs an occasional tune-up or a fresh coat of paint. So too with governing documents which are so vital to the operation of the place you call home. As times change and people come …

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Law & Legislation
2001 Jun UCC Article 9 Revisions

A couple years ago, I became genuinely surprised to learn of conflicting opinions throughout the legal community and in court decisions (including rulings from New York State Supreme Court’s Appellate Division) which centered on how to clas…

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Law & Legislation
2001 Jun Co-op and Condo Renovations

One of the unique features of performing construction work in a cooperative or condominium apartment is that it must usually be performed pursuant to an alteration agreement that addresses what, where, when and how construction work is to b…

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Law & Legislation
2001 Jun The Battle for Access

Perhaps you’ve seen the commercials on television; a mob of people shouting “The Internet is slow as heck, and we’re not going to take it anymore!” Or the one where a succession of comedians tell jokes beginning with “My internet service is…

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Law & Legislation
2001 Jun Passing the 80/20 Test

The Internal Revenue Code’s Section 216 authorizes cooperative apartment owners to receive a pass-through tax deduction for their proportionate share of the mortgage interest and real estate taxes paid by a qualifying co-op corporation. One…

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Law & Legislation
2001 Jun East vs. West

Beyond the obvious differences—taxicabs versus cacti, towering high-rises versus wide-open spaces, big business versus big-sky country—there’s more separating the New York real estate scene from the rest of the country than just geography a…

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Law & Legislation
2001 Jun Licensing Property Managers

Over the past decade, numerous pieces of legislation have been introduced at the state and city levels calling for the licensing of property managers in New York State. None have been passed, but a new bill, S279 sponsored by New York State…

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Board Operations
2001 Apr Difficult Board Members

We all live and work in co-ops or condos; most of us have lived through some form of havoc wreaked by a board member. This person may be earnest and well intentioned, but projects an argumentative and contentious demeanor that is disrupt…

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Board Operations
2001 Feb An Insider's View

Remember the adage that 80 percent of the work is done by 20 percent of the people? The same appears to be true of boards throughout the city. In many cases, board members–and even certain shareholders–feel that being on a board is puni…

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