Tag: Adam Leitman Bailey

Q&A
2007 Nov Q&A: Shareholder Preventing Sale

Q We have a shareholder who has posted notices around our co-op that condemn the co-op and the board. They are in plain view of potential buyers. When the buyers read these notices, they refuse to even look at the available unit that…

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Law & Legislation
2007 Jun Avoiding Legal Nightmares

We all have nightmares. Whether it's hungry sharks nipping at our feet or shadowy figures lurking in the woods, there will always be things that wake us in the middle of the night. If you're a co-op or condo owner, manager or board membe…

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Board Operations
2007 Apr Working Toward Common Goals

Nothing worth doing is ever easy. That rule of thumb certainly applies when it comes to the creation of co-ops and condos. Whether constructing a new building or converting an existing one, it can be a tricky business. The person o…

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Q&A
2007 Mar Q&A: Foaming Over Washing Machines

Q In our Queens co-op (containing 68 apartments) we do not allow laundry washing  machines. A few owners have had them from years back, others have recently  renovated and installed washing machines in their apartments.    This cau…

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Board Operations
2007 Feb Under the Microscope

Admission requirements for co-op buildings in New York City are typically pretty stringent. A board has the authority to require prospective purchasers to provide extensive financial documentation along with social and personal reference le…

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Board Operations
2007 Feb Whose Place Is This Anyway?

People like to think that they can do anything they darn well please within their own walls so long as no laws are being broken. Want to paint your walls purple and your ceilings green? Who’s gonna stop you? In the mood for loud music an…

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Board Operations
2006 Oct Running the Gauntlet

Talk about tense situations. There’s the sweaty-palm inducing job interview or the anxiety-riddled prospect of getting down on one knee to propose. And who can forget those tense moments scratching out an answer on the SAT test, knowing …

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Q&A
2006 Oct Q&A: One Good Reason

Q When an applicant applies to buy into a co-op and pays the high application fee, yet is denied by the board, shouldn’t they be given a reason why they were rejected? I feel strongly that the board is wrong in turning someone away with…

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Q&A
2006 Oct Q&A: Closing Question

Q I have an accepted offer on a condo in Manhattan, and I have a letter of commitment from my lender. Before proceeding to submit my application to the board, I was instructed by the managing agency that submission of tax returns, payr…

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Q&A
2006 Aug Q&A: How Long To Approve

Q I have a one-bedroom co-op in a six –story, 78-unit building in the Bronx on the market for $53,000 and have a prospective buyer who filled out the board application and provided the financial information required by the board. After …

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