Category: Shareholder Relations

Shareholder Relations Rules and Problems
2008 Feb Rules and Problems

Although many co-ops and condos in New York City might not like it, shareholders and unit owners often rent out their apartments to subletters. Board control over subletting can vary—from stringent in most co-ops, to giving the board the fi…

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Shareholder Relations Deploy the Welcome Wagon
2008 Feb Deploy the Welcome Wagon

Fifty years ago, residents new to a neighborhood might be greeted by a Welcome Wagon hostess in an A-line skirt and perfect matte lipstick bearing a basket full of goodies from local merchants. She'd give the homeowners the lowdown on wh…

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Shareholder Relations Stop, Drop and Breathe
2008 Feb Stop, Drop and Breathe

Whether it's demanding residents or unreasonable board members, maintenance headaches or a barely-under-control work schedule, a property manager is in a unique—and uniquely stressful—position. No one knows this better than the property …

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Shareholder Relations The Spirit of Being Neighborly
2008 Feb The Spirit of Being Neighborly

Lady Bird Johnson once said, "While the spirit of neighborliness was important on the frontier because neighbors were so few, it is even more important now because our neighbors are so many." The first lady of the United States (196…

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Shareholder Relations A Look at Archaic Bylaws
2008 Feb A Look at Archaic Bylaws

On a classic episode of the TV show The Simpsons, the town read its founding charter only to discover that the mayor of Springfield was supposed to get two pigs every year. While there are probably no co-op or condo documents in eff…

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Shareholder Relations New Legislation Changes the Game
2008 Feb New Legislation Changes the Game

For decades, co-op boards and managers have had to walk a delicate line between generating revenue and obeying the law when it came to renting out space in their buildings to commercial tenants. As of December 20, 2007, that has cha…

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