Category: Q&A

Q&A Q&A: Absentee Owners Not Pulling Weight
2009 March Q&A: Absentee Owners Not Pulling Weight

Q We are in a small condo building of 3 units, hence we do not have (quite frankly, can’t afford) a management company, with the intention that the 3 owners share in building upkeep and responsibilities. One owner has since moved out…

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Q&A Q&A: Seniors and Increased Maintenance
2009 March Q&A: Seniors and Increased Maintenance

Q I live in a co-op in the Lower East of Manhattan. We have an entrenched board, which is under the control of our building manager. Over the past few years, our building has made some ‘improvements’ to the tiles, windows, lobby, etc…

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Q&A Q&A: Minute-less in Manhattan
2009 Feb Q&A: Minute-less in Manhattan

Q I am newly elected to the board of a small (32-unit), self-managed condominium, where traditionally there has been little transparency between the board of trustees and the unit owners. The board has been stingy with information and …

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Q&A Q&A: Board Negligence on Leak
2009 Feb Q&A: Board Negligence on Leak

Q I reside in a co-op apartment in the Bronx. For one year I incurred damages to my bathroom and kitchen ceilings from a washing machine above. The damage allegedly came from a negligent tenant of the shareholder. Each time the leak oc…

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Q&A Q&A: Removing Names on Stock Certificate
2009 Feb Q&A: Removing Names on Stock Certificate

Q I live in a 15-unit co-op in Queens. A single tenant owner lives in one of the apartments. She has requested, while still living here, to remove her name from the stock certificate, and replace it with her daughter’s name. Is this le…

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Q&A Q&A: One Name or Two?
2009 Jan Q&A: One Name or Two?

Q I’d like to ask about the transfer tax in co-ops. I have been living in a co-op unit with my brother for 11 years. It is currently under both of our names, but now I want to change it to my name only. How does the transfer tax figure…

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Q&A Q&A: Board Refusing to Fix Leaky Roof
2009 Jan Q&A: Board Refusing to Fix Leaky Roof

Q I am a shareholder in an eight-unit co-op in Brooklyn. The board is composed of all eight owners, of which there are four officers. My apartment is on the top floor, and over the past few years I have sustained over one dozen water l…

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Q&A Q&A: Sponsor's Role in Board Voting
2009 Jan Q&A: Sponsor's Role in Board Voting

Q My question is about the co-op’s building sponsor. I understand the building is owned by each shareholder and that they vote in a board to run the corporation. How does the sponsor factor into all of this? Is the sponsor part owner a…

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Q&A Q&A: Possibility of Proxy Duplication
2008 Dec Q&A: Possibility of Proxy Duplication

Q Two weeks prior to our annual condo election, the unit owners receive their proxies in the mail. However, a board member, who was up for re-election, obtained a proxy from the managing agent two weeks earlier than all the unit owners. I…

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