Category: Q&A

Q&A Q&A: Shareholder vs. Shareholder
2007 Jun Q&A: Shareholder vs. Shareholder

Q In the event that a shareholder has a “dispute” with another shareholder—and claims that many other residents of the building have complained regarding  the same issue—but refuses to provide the names of other complainants—how should th…

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Q&A Q&A: Unfair Transfer Fees
2007 Jun Q&A: Unfair Transfer Fees

Q Some members of my co-op board want to change our transfer fees upon sale to assign a lower per share fee for those shareholders who purchased after the year 2000. Their reasoning is that real estate values decreased after 2000. Othe…

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Q&A Q&A: Renovation Fee Woes
2007 Jun Q&A: Renovation Fee Woes

Q I live in a co-op in Manhattan and am planning to renovate my bathroom. My managing agent has informed me that I must pay a $500 fee to file my application for the renovation, which seems unusual. The renovation is simple—to replace t…

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Q&A Q&A: Financial Document Drama
2007 May Q&A: Financial Document Drama

Q Is a condominium required to produce an annual financial report? If they don’t, what is the recourse? If the management company doesn’t allow me, an owner, to review the finances under the New York State Real Property Law, what is my …

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Q&A Q&A: Risky Business
2007 May Q&A: Risky Business

Q Currently, I am on a board that is involved in litigation brought about because of a resale denial. I was recently told by a lawyer that if a co-op board is sued “personally and as board members” the following is true: The insu…

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Q&A Q&A:  Wall-to-Wall Noise Solution?
2007 May Q&A: Wall-to-Wall Noise Solution?

Q A couple of our co-op tenants are complaining of noisy neighbors. There is an issue of some residents not adhering to the 80 percent carpeting rule. As a result, the board voted that any new occupants be required to get wall-to-wall …

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Q&A Q&A: Too Many Pets
2007 May Q&A: Too Many Pets

Q I live in a 100 percent owner-occupied condominium. Our bylaws and house rules very clearly state that unit owners may have no more than two pets, only one of which may be a dog. One of the unit owners (who is also a board member) kee…

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Q&A Q&A: Conflicting Interests?
2007 Apr Q&A: Conflicting Interests?

Q I’m the president of our building’s board. One of our directors has recently become a licensed real estate broker, and has recused himself from interviewing any potential buyers. At first, that seemed to ward off the semblance of any …

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Q&A Q&A: Cumulative Voting?
2007 Apr Q&A: Cumulative Voting?

Q My co-op has not had elections in many years, as the number of candidates always equals the number of seats on the board. This year, however, there will be more candidates than seats. Someone mentioned that we are supposed to have cumu…

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Q&A Q&A: Smokin' Mad
2007 Apr Q&A: Smokin' Mad

Q I have a young toddler at home and my wife is a breast cancer survivor. For several years, our next-door neighbor’s chain-smoking home health nurse has filled up the hallway outside our apartment with smoke. The smell is so strong …

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