Category: On The Board

Management Relations
2001 Feb What's the Agenda?

Board meetings provide the time and space for co-op and condo leaders to establish and direct building operations. "Every board has its own distinct group personality," observes Howard Schechter, a partner in the Manhattan law firm of Schec…

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Management Relations
2001 Feb The Board/Manager Team

Much has been written recently about the management industry indictments, the role of the managing agent and how to monitor management. Little has been said, however, about what it takes to make a board/manager relationship work. The managi…

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Board Operations
2001 Dec/Jan Love Thy Neighbor... As Best You Can

It’s 3:30 in the morning and your upstairs neighbor can’t seem to get enough of the new Cher album. It’s not just the techno beat that’s getting to you, it’s the volume. It’s making your china collection rattle in its hutch and your teeth h…

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Board Operations
2000 Nov In the Know

Call a real estate consultant a "know-it-all" and he or she will probably just smile wisely. For a consultant, that term is far from insulting. It’s simply a statement of fact. These "Jacks-and-Janes-of all trades" serve a diverse clie…

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Board Operations
2000 Oct Combat Homeowner Apathy

It’s the beginning of another meeting in your building and even though signs were posted throughout the lobby and on bulletin boards, the crowd is sparse. To make matters worse, the few owners or shareholders who are in attendance have only…

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Board Operations
2000 Oct Getting the Message Out

Who would visit a medical office that did not have running water? Many would question whether the office was sanitary. This occurred to a doctor who used a Forest Hills co-op unit as his office. Management placed a notice under residents’ d…

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Law & Legislation
2000 Sep Regulated Renters' Rights

Think you don’t need the services of that 24-hour doorman in your co-op anymore? Better check with the rent stabilized tenants with whom you share the building. Chances are their leases provide protection against the elimination of building…

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Board Operations
2000 Aug Enforcing House Rules

Building house rules are the "Thou shalt not’s" of the co-op and condo world. Unlike the proprietary lease or bylaws, which cover operational and administrative matters, the house rules cover behavior of the residents–you know, the types of…

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Law & Legislation
2000 Aug Terminating Sponsor Leases

Many New York City co-ops have garages leased to the sponsor dating back to the co-op’s conversion. Though these garages, described by one judge as "a veritable gold-mine," throw off riches mostly to the sponsor, a little-known federal stat…

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Board Operations
2000 Jul The Ins and Outs Of Illegal Sublets

In today’s booming real estate market everyone is looking to turn a profit. Should co-op shareholders be any different? Everyone wants a piece of the pie but at what cost? Subletting cooperative apartments can be very simple if you follow t…

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