Most co-op, condo, and HOA boards are made up of honest people who truly want to act in the best interest of their community -- but sometimes bad actors do wind up on boards, and sometimes even whole boards can be corrupt. In this short cli…
If state legislators get their way, wealthy people who own expensive second homes in the Big Apple may have to fork over more in taxes. This past Monday, Gov. Andrew Cuomo and other Democratic leaders in Albany announced their suppor…
All streaks eventually come to an end, and New York City's luxury residential sales are no exception. According to Olshan Realty's latest luxury market survey for the week of March 4-10, about 15 properties worth $4 million or more signed …
Q. Recently I had a leak from a faulty radiator coming from the co-op unit above me that damaged a part of my ceiling – roughly a 30” x 40” area. The superintendent fixed the leaky radiator, and some time later scraped the water-damaged p…
Q. I am a shareholder in a cooperative apartment, and I believe that building money is being used for personal uses. I have been denied access to the building’s books. As a shareholder, what can I do to see them? …
Q. How do you go about filing a complaint against the board and property management for financial mismanagement? We suspect the board has exhausted its operating expense budget on items that are deemed capital expenses. The board is now a…
As more and more of our daily lives become more intertwined with online entertainment and services, internet access has become a home utility along with electricity and running water. Boards can take for granted that every resident in their…
When you close your eyes and picture any building, you are quite likely imagining its facade – the outer shell which protects and contains all of the hustle and bustle that goes on within. In a residential property, the facade is what separ…
Home is where the heart is, sure – but it’s also where most of where any given owner or shareholder’s money is. For most people, their home represents their single biggest investment. And in a community association, both individual units an…
Whether it’s a balcony, terrace, patio or roof deck, outdoor space is many an apartment owner’s dream. Desirable – and valuable – as they are, these spaces do present specific maintenance considerations for individual owners, co-op corpora…