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…
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…
We've all heard the phrase "The road to hell is paved with good intentions." The old saw applies to legislation as well. We've often seen laws passed with what seemed to be the best intentions, only to discover later that they have left a t…
Living in a co-op or condo might not seem like an exercise in democracy, but when election time rolls around for your building's board, being a shareholder/owner means being a voter as well. One person's vote might very well mean t…
Every year, the shareholders of co-op apartments gather together—in their building's community room, or even in the basement in the shadow of the laundry machines, on flimsy chairs that are only used once a year—to discuss their mutual inve…
Sometimes being on the board of a co-op or condo is like being a politician. Fellow residents look to you to solve problems. They can vote for you, or they can choose not to vote for you if you do something they dislike. You feel li…
Nothing worth doing is ever easy. That rule of thumb certainly applies when it comes to the creation of co-ops and condos. Whether constructing a new building or converting an existing one, it can be a tricky business. The person o…
Admission requirements for co-op buildings in New York City are typically pretty stringent. A board has the authority to require prospective purchasers to provide extensive financial documentation along with social and personal reference le…
People like to think that they can do anything they darn well please within their own walls so long as no laws are being broken. Want to paint your walls purple and your ceilings green? Who’s gonna stop you? In the mood for loud music an…
Historically, co-op boards in New York City haven’t been required to provide much of an explanation to applicants about why applications for co-ops are rejected. Many applicants with good financial portfolios, good references and …