Q I just found out that a member of my co-op board has been issued a check for a very large amount from our operating account. There has been no explanation or discussion about this, and now nearly six figures worth of our community …
Category: Q&A
Q Is it legal for the board to take the shareholders’ tax benefit credit every year without their consent, as a special assessment and a second assessment as well, within six months apart? I received the letter about this, contacted …
Q If there is damage to my roof and it leaks into my condominium unit and I reported it to the board three times with no repairs made, can I repair it myself and deduct the cost from my common charges? —Falling on Deaf Ears …
Q What are the rules concerning how many proxies any one person can submit? Also, does a person submitting proxies have to be a unit owner or even live in the complex? We have a situation where a renter, not an owner, of a co-op coll…
Q “The board was advised by one of the owners that we must mail all the minutes of each directors’ meeting to all the owners. Is this correct?” —Out in the Open A “In order to answer this question it would be nece…
Q I am vice president of our board and we have 102 shareholders. One shareholder in particular seemingly has a vengeful axe to grind with the board and distributes critical letters to all shareholders condemning every action or boar…
Q I own a co-op apartment in the West Village and my girlfriend owns a house in Bucks County, PA, but works in New York City. We both want to enter into a mutual "living estate" will where either of us will have the right to live in …
Q I live in a co-op complex of a few hundred apartments. After 60 years without apartment insurance the present board suddenly decided that all shareholders must carry insurance. This translates into an additional expense of approxim…
Q We are having a debate among shareholders about whether a radiator within the apartment is classified as “standard building equipment.” We understand that we need to pay to replace a valve that leaks. But if that leaky valve causes…
Q Our board president recently made a statement that "our building is essentially controlled by the building Service Employees International Union (SEIU) Local 32BJ." What does this mean? Are there some sort of documents to accompany…