Q&A Q&A: Our water tastes funny - what should we do?
2016 July Q&A: Our water tastes funny - what should we do?

Q. I live in an Upper East Side co-op whose water tank was recently replaced. Since the water was turned back on, I’ve noticed that there has been a distinctive odor and taste to the water. It could best be described as a mild cleanser bu…

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Q&A Q&A: Can a board charge arbitrary fees?
2016 July Q&A: Can a board charge arbitrary fees?

Q. I’m concerned about my board charging for arbitrary fees. My co-op recently charged a shareholder for a letter written to her by the co-op’s attorney.  Other shareholders have received similar letters but haven’t been charged for them.…

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Law & Legislation Why Litigate When You Can Mediate?
2016 July Why Litigate When You Can Mediate?

A condo board with a multimillion-dollar lawsuit, three years of aggravation and ulcers all around.  Everyone wants to feel heard, and, particularly in conflict—when emotions are often inflamed—it’s easy for understanding to be compromised…

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Law & Legislation HDFC Cooperative Conversions
2016 July HDFC Cooperative Conversions

On July 16, 2015, the Real Estate Finance Bureau of the New York Department of Law issued “Guidance on Housing Development Fund Corporations Seeking to Transfer or Sell Property for, or Otherwise Convert Property to Market-Rate Use” (the “G…

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Management Managing Employees
2016 July Managing Employees

These days, pretty much everyone has a smart phone, which means they have a computer in their hands all day, every day. That makes it difficult to take true vacation days, to 'unplug' on the weekend, and to “leave work at work.” Our work li…

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Law & Legislation The Pullman Case
2016 July The Pullman Case

State legislation and city ordinances can provide a condo, co-op, or HOA board with guidance on how to effectively deal with a disruptive or unruly shareholder—someone whose abusive, harassing, inappropriate or chronically litigious behavio…

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Finance New York City Inks $82.1 Billion Budget Plan
2016 July New York City Inks $82.1 Billion Budget Plan

Mayor Bill de Blasio, Council Speaker Melissa Mark-Viverito and members of the City Council reached an historic agreement for an on-time and balanced New York City budget for Fiscal Year 2017, marking completion of the earliest budget deal …

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Finance Spotting Financial Irregularities
2016 July Spotting Financial Irregularities

While it's pretty much impossible for a co-op or condo board or employee to commit fraud on the scale of a Bernie Madoff or any one of the herd of shysters who have tromped through the news in recent years, building boards and managers cert…

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