Category: On The Board

Law & Legislation Budgeting for New York City's Future
2007 Jun Budgeting for New York City's Future

Mayor Michael R. Bloomberg announced his $59.0 billion budget plan for Fiscal Year 2008 and presented his updated four-year financial plan for New York City. In preparation for a possible economic slowdown, the mayor's proposal focuses o…

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Law & Legislation Understanding Apartment/Home Tax Inequity
2007 Jun Understanding Apartment/Home Tax Inequity

The old saying goes that the only two sure things in life are death and taxes. According to the experts, for owners of co-ops and condos in New York City, there's a third inevitability: you're going to be taxed at a higher rate than owners …

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Law & Legislation Avoiding Legal Nightmares
2007 Jun Avoiding Legal Nightmares

We all have nightmares. Whether it's hungry sharks nipping at our feet or shadowy figures lurking in the woods, there will always be things that wake us in the middle of the night. If you're a co-op or condo owner, manager or board membe…

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Law & Legislation City Council Speaker Christine Quinn
2007 Jun City Council Speaker Christine Quinn

You would think that trying to get to know the city's first female Speaker, Christine Quinn, would be difficult when you've only been granted ten minutes in the demanding politician's day. However, in such a short timeframe, Quinn has enoug…

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Law & Legislation Co-op and Condo-Related Legislation
2007 Jun Co-op and Condo-Related Legislation

Legislatures are in session, both in the city and in Albany, and, as always, housing is a hot issue. What bills should co-op and condo board members, managers and owners be looking at that may impact their residences? While there ar…

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Board Operations Managing a Gut Rehab Project
2007 May Managing a Gut Rehab Project

Starting a major renovation can be tough when you're dealing with a single-family home, but doing the job on a condo or co-op involves many considerations that house dwellers never face. It's not just a question of what contractors and prof…

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Board Operations Don't Do It Yourself
2007 May Don't Do It Yourself

Every once in a while, one hears about a co-op or condo that has been neglected for some time and has some problems in its common areas. Dirt builds up on the lobby floor, the fluorescent lights on the ceiling flicker, paint is chipped from…

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Law & Legislation Lien on Me
2007 Apr Lien on Me

Unfortunately, it is not uncommon for persons who perform labor on or furnish materials to the common elements of a condominium to assert that they have not been fully paid for the labor performed or materials supplied. The possible asserti…

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