Category: Q&A

Q&A
2018 December Q&A: Capital Assessments

Q . Our condo board recently proposed a large loan for a capital expense. The bylaws stipulate monthly maintenance assessment based on size of the unit. This assessment includes maintaining a cash reserve for smaller projects. There is no …

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Q&A
2018 November Q&A: Board Shuts Member Out

Q. We have a board member who has been locked out of meetings. According to that board member: "The board has formed an executive committee that has, for all intents and purposes, shut me out. I am no longer able to view board discussions…

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Q&A
2018 November Q&A: Taping a Board Meeting

Q. Can one condominium board member's voice recording of the board's closed executive session meeting be restricted by the board?            —Inquiring About Privacy Issues A. “It is uncertain if this reader's query is about whether a…

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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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