Board Operations Unresponsive Boards
2013 July Unresponsive Boards

 There are a number of things that make shareholders unhappy in a co-op or condo,  but chief among the complaints is when the board just doesn’t seem to hear their concerns or doesn’t do its duty to keep shareholders informed of board meet…

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Management Crowd Control
2013 July Crowd Control

 Out of nowhere, someone is regularly using the parking space you have had for  years. And strangers are appearing regularly in your building’s hallways, though you’re not sure where they belong or if they should even be there. Strangely, …

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Finance Follow the Money
2013 July Follow the Money

 If you want to find out about the history of a town, region or country, head to  a museum or look it up on the Internet. If you want to find out about your  family’s history, look at your photo album, whether it’s in a book or online. And…

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Finance Coping With Arrears
2013 July Coping With Arrears

 The foundation of any properly run condo association or co-op building rests on  residents paying their monthly maintenance fees on time and in full, with no  delays or delinquencies. However, in the wake of the recession, with many  shar…

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Finance Watch Your Language
2013 July Watch Your Language

 While the vast majority of one-time projects and long-term service contracts  involving vendors and service providers and their co-op, condominium or HOA  clients go smoothly and either conclude or continue without incident, a small  perc…

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Finance Rebuilding the Pieces
2013 July Rebuilding the Pieces

 While natural disasters have impacted the United States for countless decades—from The Great San Francisco Earthquake of 1906 to 2005’s Hurricane Katrina—these catastrophic events are seemingly occurring with a more severe frequency.  For…

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Q&A Q&A: NY Confidential
2013 June Q&A: NY Confidential

Q Our co-op has a board member who shared a confidential board decision with the  shareholders and went so far as to initiate and circulate a petition for a  meeting of shareholders to reverse the board decision. Naturally, many  sharehol…

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Q&A Q&A: Unfairly Charged
2013 June Q&A: Unfairly Charged

Q I have lived in my cooperative apt for the past 13 years and have never been  late with my carrying charges. In those years, the only repairs that the cooperative has made in my apartment  have been emergency repairs (there was a broken…

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Q&A Q&A: Fiduciary Responsibilities and the Board
2013 June Q&A: Fiduciary Responsibilities and the Board

Q I am a board member and shareholder in a Westchester County cooperative where  there has recently been a lot of conflicts among board members. There is a  board member who owns her own realty company and is now privy to all  confidentia…

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Q&A Q&A: Without Warning
2013 June Q&A: Without Warning

Q I am a co-op owner of 8 years and our management has raised the late fees from  $25 to $50. Can this be done without any warnings? This affects me as I am not able to pay the maintenance and parking by the 10th  of each month. I have wr…

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