Having an apathetic, uncommunicative board is a big issue in many buildings and associations, but the opposite situation—a board that oversteps its authority—can be just as problematic. When a board does something it should not do, or fail…
In South Africa, it’s called a “sectional title.” In Quebec, it’s a copropriété divise or “divided co-property.” In Italy, they call it “condominio,” derived from Latin. Regardless of location, a condominium—commonly referred to as “condo”…
The 2015-16 New York State Legislative season is here, and on the table are many housing-related bills, many of which directly impact co-op and condo board members, managers and residents. Housing is also on the agenda in the New York City…
Rare in all but a few cities around the country, residential co-ops are by far the most prevalent type of owner-occupied apartment in New York City, outnumbering condos by 3-1 by some estimates. According to a study commissioned by N…
For co-ops, condos, and HOAs, insurance premiums are some of those quiet necessities that tend to fly under the budgetary radar until it is time to examine the bottom line, provoking a search for savings. Without a doubt, insurance e…
“Two shareholders who were on the verge of moving out undertook a repair in their home on their own, not hiring a professionally licensed mason to conduct the repairs. They are now submitting a bill for personal reimbursement. The sharehold…
Q Our building recently put in a gym. One board member has made himself the spokesman for the gym and emails our 80 members directly with cheerful updates and information. I have said that all communications to shareholders should come th…
Being a member of a community means different things to different people. As such, when it comes to offering social programs and amenities, respective wants, needs and preferences can run the gamut. For board members and managers, having p…
These days, buying a new co-op or condominium might mean access not only to your dream home but also to the kind of high-end amenities that can transform a beautiful home into a spectacular one. At least that is the goal of developers and …
Winter in New York is a magical time, filled with walks through dirt, grime and slush, exorbitant weather-induced dry cleaning bills, and excessive clothing accessories…often enough to shame Ralphie from A Christmas Story. Upon sprin…