2019 August
Focus on... Insurance/Board Training

Insurance
2019 August Directors and Officers Insurance

At the heart of volunteerism is the notion of doing something for the common good. For many, choosing to live in a co-op or condo community is also choosing volunteerism – specifically, volunteering for board service. But within that sense …

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Insurance
2019 August Combatting Kickbacks

Running a community association can be – and often is – stressful enough without the added issue of people in a position of power in the community using that position for personal gain in the form of kickbacks. Whether the offender is a sup…

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Insurance
2019 August Warranties and Service Agreements

As in life, there are no guarantees when it comes to building systems, parts, and components. But unlike life, there are warranties and service agreements to ease the pain when something breaks down, gets damaged, or proves to be defective.…

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Q&A
2019 August Q&A: Can Bike Fees Be Imposed on Existing Owners?

Q. My family have stored our bikes in our co-op basement for years at no charge. Now the board and management have decided to impose a large fee for each bike, including for existing owners. We asked the board to tell us on what citation/…

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Q&A
2019 August Q&A: Leasing a Commercial Space to a Board Member

Q. I am a shareholder in a co-op in Brooklyn. It has come to my attention that the board of the building has plans to develop some commercial space in our building and rent it to another board member. Management has distributed letters to…

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