Category: Q&A

Q&A
2018 October Q&A: Board Won’t Release Monthly Financials

Q.  When asked for full copies of monthly financials or ability to at least view them, I am told that this info is confidential and can not be released. My board will only issue a pie chart showing where funds are placed and totals of inco…

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Q&A
2018 October Q&A: Rules That Favor a Board Member

Q. Can a board member vote on a change in rules that will directly benefit him/her? For example, the board member is an investor with more than 10 units and needs more parking spaces for tenants. Therefore, he/she moves to vote to change …

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Q&A
2018 September Q&A: What Can Board Members Disclose?

Q. I would like to know if it is legal for board members to share personal and financial information regarding our home in the community with other residents who don’t even serve on the board, and some who don’t even own property here, bu…

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Q&A
2018 August Q&A: Back-Billing Mistake?

Q. I live in a Riverdale cooperative. One of my fellow shareholders received a notice at the beginning of January from our management company saying her monthly carrying charge would be increased beginning the next month. There was no exp…

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Q&A
2018 July Q&A: Board Problems

Q. I  have recently been elected to the board of directors at my co-op in Suffolk County. I rocked the boat when I was elected. The current board is not interested in doing necessary things, but rather stall projects and try to distract t…

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Q&A
2018 June Q&A: Producing a Stock Certificate for Inspection

Q. I live in a HDFC co-op building. I was asked to present my certificate for management and the board to view. My response was that I will produce my certificate when everybody else in the co-op produces their own certificates. I know fo…

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Q&A
2018 May Q&A: The Right to Know Who the Board Members Are

Q. I own a small co-op in Queens. For several years I had to sublet my apartment because I moved to Europe. I need to ask some questions to the co-op board but I am not getting any help from management. I basically wanted to know who the …

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Q&A
2018 May Q&A: Doggy Blues

Q. For at least 30 years, all residents (owners and tenants) have been using the front (main) door of our co-op buildings. Now our board of directors sent out an updated list of rules that says anyone walking or carrying a dog must use th…

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Q&A
2018 May Q&A: Collecting Proxies

Q. I need to know if the president of the board (co-op) is allowed to collect proxies from other residents? The president stands in the parking lot and asks everyone if she can have their proxy. Then the night of the meeting to vote for b…

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