Any building in New York City taller than, say, five stories usually has an elevator—and often, new buildings of even three stories have one. If you live in a New York-area co-op or condo apartment building, chances are that you use an …
Property management, in the broadest of terms, is defined as the operation, control and oversight of real estate. Most property managers would agree that definition is just a starting point. There are many facets to the demandin…
Freelance photographer Jocelyn A. lives in a charming, post-war brick townhouse community of over 1,600 units and a $3 million annual budget. She receives a monthly newsletter with over 20 pages of everything to keep residents informed,…
Being on a board of a condo or co-op is no picnic. There are tons of decisions to be made, disputes to settle, finances to keep track of and a chance of being sued for a slip-up. So why do so many people decide to serve on a board—some …
Most co-op and condo residents have taken part in at least a few annual board elections, and perhaps, they’ve even served on committees, or volunteered on behalf of their building in some other capacity. But those who’ve never taken a s…
Suddenly, the room was shaking and the plants around Ron Tepperman’s desk were moving—it took a second for him to register what was happening. Until a real live earthquake shook the city and created panic along the East Coast, that grou…
In pretty much all states except New York, if someone doing construction work is injured on the job, workers’ compensation insurance will take effect and cover all medical expenses and lost wages. Here, according to a spokesp…
When you decide to run for a board, you’re usually thinking about all the great changes you’re going to make to your building, along with all the time and effort that you’re prepared to sacrifice for the good of your home. Of th…
Q “The current president has mailed proxies to owners indicating he would vote on their behalf and included information that stated “the proxy-holder will cast votes as he/she determines” for the annual board election. The current presid…
Q I am currently interested in purchasing a co-op apartment. However, my mortgage broker advised that since the co-op has issued both common and preferred stock, that it does not technically qualify as a co-op under the IRS 216 ruling, …