2008 Feb
Focus on... Board/Shareholder Relations

Shareholder Relations
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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Shareholder Relations
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
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
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
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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Finance
2008 Feb How Boards Deal with Late Payments

Monthly charges, including common charges, emergency repairs, lawsuits, assessments, maintenance fees, dues and so forth, are a big part of owning a co-op or condo in New York City. When an owner is late, or misses monthly payments entirely…

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Shareholder Relations
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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Interior
2008 Feb Passing the Pest Test

Few things inspire more disgust in an apartment owner than an infestation, be it bugs, rodents, or other vermin. Unfortunately, pests are often part-and-parcel of life in a sprawling metropolitan area. Roaches, mice, rats, ants, bedbugs …

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Law & Legislation
2008 Feb Cutting Down on Attorney Costs

Condo and co-op boards are always looking for ways to save money and one area where some cost-cutting opportunities might be found is in your legal bills. Your building's attorney likely performs many different types of services, works d…

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Neighborhoods
2008 Feb Cross-Roads Village to a Modern Suburbia

Back in 1900, a little village sprouted up on Long Island called "Comac" along the Huntington/Smithtown town line. Located in the little hollow created by the gently rolling hills that surrounded the intersection of Jericho Turnpike and the…

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Organizations
2008 Feb CAI Long Island

Condominiums can provide all of the advantages of traditional homes, as well as affording other benefits such as recreational facilities, group activities and close proximity to shopping and other destination points. But the quasi-municipal…

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Law & Legislation
2008 Feb Sex, Lies and Videotape?

As lawyers for many of Manhattan's cooperative and condominium boards, we often advise clients on issues that go far beyond proprietary leases and bylaws. Boards are frequently faced with situations ranging from fiery domestic disputes t…

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Law & Legislation
2008 Feb Limitation of Liability Clauses

Everyone knows that building construction and renovation work can be difficult and dangerous and that lawsuits are not unusual. While most lawsuits involve the contractor on the project, there can certainly be lawsuits against the d…

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Exterior
2008 Feb From Start to Finish

Whether you are looking out over New York City from New Jersey or looking out from New York City towards New Jersey or Long Island, the skyline is lined with high-rise cooperatives and condominiums—the majority of which are now close to …

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Management
2008 Feb Ways to Achieve Resident Retention

Providing creative ways to show your residents that you appreciate their loyalty will prove to be a wise investment that will help increase resident retention and pay dividends in both public and owner relations. There are m…

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Q&A
2008 Feb Q&A: Escrow Account

 I’m a condo owner in New York City. I have written to the management company of  our condo regarding some issues I have been having, but the management company  has not taken any action to remedy the situation. I would like to make my  mai…

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Q&A
2008 Feb Q&A: In the Swim

 I am president of a co-op, which has a swimming pool. The question has come up  as to whether or not a lifeguard is required by law. I am writing because I  found an article on the Internet on cooperator.com found at  (cooperator.com/artic…

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