Category: On The Board

Board Operations
1996 Jul/Aug The Shareholder Versus the Board

When it comes to key security, most co-op shareholders and other tenants have no choice but to trust in their building manager. That's because New York state law requires tenants to provide landlords with duplicate keys, if requested. Wheth…

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Board Operations
1996 Jul/Aug Capital Improvement Projects

Lucky are the board members of co-ops and condos who are able to play a purely supervisory role, simplyoverseeing the work of the managing agent who has the serious job of taking care of the building. In the vast majority of cases, however,…

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Board Operations
1996 Jun Sharing The Workload

Board members don't always see eye to eye. In a tragic case in Boynton Beach, Florida, an argument over the number of votes needed for a quorum led to the accidental death of a 70-year-old board member. During a discussion about the upcomin…

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Law & Legislation
1996 May The Subtle Art of Mediation

Several years ago, before relocating to Westchester County, I served as board president at my 112-unit co-op building in Manhattan. Like most co-ops, we had a history of occasional disputes between tenants and among board members. But, by u…

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Board Operations
1996 Mar The Elderly Population is Booming

Will you trade in your co-op or condo for a Florida address when you reach retirement age? Don't be so sure. More and more New Yorkers are choosing to age in place in the same apartment they fell in love with when they were in their prime. …

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Management Relations
1996 Feb Preserving Institutional Memory

One of the most common problems in co-op and condo management is the failure of building boards and staff to maintain accurate and accessible records of the past performance and activities within the building. Recording the minutes of board…

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Law & Legislation
1996 Feb Tenancy by the Entirety

Most co-op owners have never given much thought to the manner in which they took title of their apartments. But by overlooking this important aspect of such a significant purchase, some shareholders may have put themselves at considerable f…

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Board Operations
1996 Feb Preserving Institutional Memory

One of the most common problems in co-op and condo management is the failure of building boards and staff to maintain accurate and accessible records of the past performance and activities within the building. Recording the minutes of board…

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Board Operations
1996 Feb The Value of Newsletters

The terraces were crumbling and the board engaged an engineer to make a recommendation. When the engineer reported that the terraces needed several hundred thousand dollars worth of repairs, the board went through a bidding process with the…

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