Q At our recent annual meeting we were shocked to learn that a single shareholder had, without any discussion, filed a complaint with the NYC or NYS over the absence of a ramp or some other special equipment (lift or elevator, possibly)…
Q I have been an apartment owner in a Woodside cooperative since 1985. Presently, we shareholders are faced with the problem of an overly controlling board. I am looking for an explanation, in layman’s terms, of ARTICLE III, title…
Q My co-op has a balloon mortgage that will burst in approximately 5-6 years if not refinanced. We were told that the lender will not allow a refinancing for at least another year, if not longer, and has refused to do one for the past …
Q Our board selected a Nominating Committee, which chose only the current board members as candidates. Six additional residents wanted to run, but their names were left off the ballot. The committee claims it selected the best for the …
Q I moved out of my Queens co-op apartment two years ago, right before the building started having numerous financial problems including bankruptcy and sponsor embezzlement. I am trying to sell my apartment, and have finally found a ba…
Q I have been a shareholder in my Brooklyn co-op since 1986, and am facing a problem that has come up since my husband’s death almost 18 months ago. My husband was an active participant on our board of directors—past president, vice pre…
Q I live in a two-building co-op in the Riverdale section of the Bronx. Our board has undertaken the renovation of the terraces of both buildings, and the renovation requires any shareholders, who built enclosures around their terraces…
Q Subsequent to the election of directors at our co-op’s first board meeting, an electee resigned due to personal reasons. The management agency advised against appointing a replacement to the board for approximately four months, the re…
Q Can a co-op board restrict outside contractors on a religious holiday? If so, is it legal for this to be done for only one religion? The board of my co-op has restricted work on all, including the minor, Jewish holidays. By ‘mi…
Q For many seniors living in co-ops and condos, the viability of placing their owned units into revocable or irrevocable trusts has become an area of interest. The major problem with this is that boards and managing agents are re…