Even amid a slowdown in the Manhattan real estate market, co-op sales in that borough performed well in the fourth quarter of 2018 compared to condos, according to a new report by Douglas Elliman released today. The brokerage…
An individual’s interest in their community association is rarely solely financial. In most cases, a building or HOA is also that individual’s home. And as such, they’re motivated to contribute positively to its quality of life, neighborhoo…
Little in life is more nerve wracking than that first day on a new job: ‘Are you prepared to do this?’ ‘Are you even qualified to do this?’ ‘Is your shirt buttoned correctly?’ ‘It is, right?’ ‘Why does it look wrong?’ ‘Should you change you…
Condominium associations come in all sizes and shapes. They can contain hundreds of units, or as few as two. While many of the issues faced by associations are universal regardless of size, small condominium associations do face some unique…
Most of the time, when a problem arises in a multifamily building or community association, the go-to solution is to get management on the phone (or text, or email). The refrain usually goes something like: “Management will take care of it!…
Q. Can married couples serve on the co-op board at same time? —Concerned Stakeholder A. “Unless specifically prohibited in the corporate documents or bylaws,” says attorney Adam Leitman Bailey of Adam Leitman Baile…
Q. There is structural damage in a sponsor-owned apartment. The rent-controlled tenants who live there require specific accommodations within their apartment due to a disability. The overall construction is the co-op’s responsibility; how…
Q. I live in a co-op and my neighbor downstairs from me is constantly smoking. I brought it to the attention of the management and nothing has been done. What are my options as a shareholder? Do I bring legal action against management,…
Do you remember when you were a kid that the closest thing you had to a cell phone at the time was two cups with a string tautly attached between them, and then speaking into one cup to see if your friend holding the other could hear you? T…
Co-op, condo and HOA boards are tasked with a great many responsibilities – including determining and promoting both the day-to-day and longer-term interests of their residents. That’s a tall order, and it’s largely achieved through the imp…