Category: On The Board

Management Relations
2003 Nov Coming Clean

Two condos are the same price, in the same neighborhood, and are equally pleasing to the eye. What makes someone buy one and not the other? Amenities. One of the most important amenities for many homebuyers is an on-site laundry room. No o…

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Management Relations
2003 Nov The Dream Team

Oftentimes, co-op shareholders forget that their building is not only a home, but also a business. And while running a home is a big responsibility in itself, with financial, legal, and managerial elements, running a cooperative corporatio…

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Management Relations
2003 Nov Stand in Judgment

Every home is an investment, but for co-op shareholders - and, to some extent, condominium unit owners - their home is also part of a business. As with any business, good management can make or break it and in a co-op or condominium, a big…

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Board Operations
2003 Oct When Owners Fall Behind

A common problem facing condo associations, boards and managers is how to compel unit owners who fall behind in their common charges to pay their arrears. In a condominium association with only a few units, if even one unit owner falls beh…

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Board Operations
2003 Oct Pullman, Six Months Out

In May, in a decision that has confused - and alarmed - some New York co-op shareholders, the New York Court of Appeals ruled that co-op boards had the right to apply the business judgment rule to vote so-called "objectionable tenants" ou…

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Board Operations
2003 Oct And the Winner Is...

No matter how a building's governing documents are worded, co-ops and condos have to hold board elections at regular intervals. More importantly, every effort must be made to let shareholders know when and where the elections will be held,…

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Board Operations
2003 Oct Surviving the Rough Patches

Even among the closest friends, conflict is inevitable. It's no surprise then that the relationship between shareholders and boards can sometimes be contentious. Problems can range from small-scale squabbles to multi-million dollar lawsuit…

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Law & Legislation
2003 Sep Sidewalk Liability

Property owners will now be responsible for the maintenance and repair of public sidewalks in front of their buildings following passage of legislation that transfers liability from the city to the owners of multi-family dwellings. Ma…

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Law & Legislation
2003 Sep Getting The Lead Out

1960: New York City becomes the first municipality in the country to ban sale of lead paint. Nationwide restrictions on the manufacture and use of lead-based paint did not come into effect until 1978. 1982: Local Law 1 of 1982 - New …

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