Exterior Understanding Local Law 11
2014 March Understanding Local Law 11

It’s not hard to imagine the dire danger posed to life and limb, should debris or material of any kind fall from the facade of any of New York City’s thousands of buildings. Indeed, pedestrians have been injured and killed by bricks, stone…

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Exterior Keeping it Clean
2014 March Keeping it Clean

Living in New York City can be something of a dirty job. Thanks to the hustle and bustle of big city living, the task of cleaning off months (or years) of accumulated grime and dirt from the exterior of a residential building takes much mo…

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Exterior The Market Review & Forecast
2014 March The Market Review & Forecast

The worst of the recession is over, and many observers believe the recovery is well under way. With the exception of some coastal areas, the city has climbed out of the worst of the effects of Superstorm Sandy. What’s next? Will the …

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Q&A Q&A: No Election, No Quorum?
2014 February Q&A: No Election, No Quorum?

What happens when there is no quorum at a shareholders meeting and therefore there is no election for new board members? The same board has remained in my co-op for many, many years without a chance for us to vote them out. Isn't there a la…

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Q&A Q&A: When Someone Is Refused Ownership
2014 February Q&A: When Someone Is Refused Ownership

My son-in-law inherited his father's co-op in Manhattan. For two years he's been paying the upkeep charges without being able to live there, yet has been refused "ownership" by the co-op board. He has a considerable amount of cash available…

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Q&A Q&A: Non-Owner Residential Status
2014 February Q&A: Non-Owner Residential Status

Q Can a non-owner's spouse remain in a co-op apartment when the shareholder spouse vacates the marital residence but the parties remain husband and wife? —In Name Only A “The short answer to this inquiry is that it depends upon …

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Board Operations Writing the Rules
2014 February Writing the Rules

Community living' in the context of a co-op or condo building means abiding by a set of rules and regulations designed to serve the community’s best interests and maintain property values. The building board makes the rules, and the reside…

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Management Spring is Just Around the Corner
2014 February Spring is Just Around the Corner

With a light sprinkling of freshly fallen snow blanketing your building's landscape, it’s easy to be lulled into thinking your property really is "pretty as a picture.” Sure, the occasional snowfall New York City experiences transform the …

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Board Operations Being Grilled
2014 February Being Grilled

Of all the stages of co-op life, the initial application and approval process, especially the interview, is certainly the most harrowing. Many people are in fear that just one wrong word will mean the difference between acceptance and reje…

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Finance Dollars & Sense
2014 February Dollars & Sense

Even before the economic meltdown and the media storm swirling around the thievery of money men like Bernie Madoff, financial mismanagement and fraud have been destructive problems for many co-op and condo owners. A co-op or condo is…

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