Whether you are already a condo or co-op board member, or just became a new member your board, it never hurts to brush up on your knowledge about proper board practices to make sure things run smoothly in your building. That’s what audienc…
Being elected or appointed to one's co-op or condo board is a big responsibility; these industry professionals have a few words of advice for those just embarking on the journey.
A primary rule of cooperative living is that everyone pitches in their fair share. This applies to monthly maintenance payments, special assessments, and any other monetary obligation that allows the association to maintain quality of life…
It's still February, but with temperatures expected to reach a balmy 60 degrees this weekend in New York City, it's only a matter of time when spring is arrives. And along with the hint of spring come thoughts of summer, which means air con…
By 2021, New York City's wildly popular attraction the High Line could face some competition from downtown That is the projected timetable for the opening of the Lowline on the Lower East Side, which has been touted as the world's first un…
Q. Can you tell me if it is legal for a co-op board to turn down the sale of a unit because they think the selling price is too low? The appraisal from a well-known real estate appraiser was much lower than the contract price. However, th…
Until you factor in the people who make up the community and culture within it, a building is only a structural space. Residents, owners, maintenance workers, vendors, superintendents and porters all contribute to this culture, but few elem…
When co-op and condo residents agree to serve as board members, some don’t understand the full implications of their service. Governing even a small building or association requires making decisions that can involve hundreds of thousands of…
Home sales rarely if ever happen sight-unseen, and condominium and cooperative units are no exception. When purchasing a lived-in space from its previous owner, a buyer may expect to receive certain pertinent information that could impact t…
On a base level, character traits reflect whether a person is ‘good’ or ‘bad.’ Likewise, a board is comprised of a group of individuals who collectively become one ‘character’ charged with steering their community in the right direction. De…