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Maintenance The Sound & the Fury
2012 August The Sound & the Fury

 Noise is a key quality-of-life problem for almost anyone living in a  densely-packed urban environment. Many urban dwellers are immune to it as a  result of having lived all their lives in the city—maybe you even grew up next to an elevat…

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Board Operations Keeping it Above Board
2012 August Keeping it Above Board

 One of the trickier problems to deal with when you live in a co-op or condo is  dealing with board members who sometimes let the power go to their heads. Even  though they are entrusted with a great deal of responsibility in the smooth  r…

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Board Operations Under Your Wing
2012 August Under Your Wing

 Remember your first day at a new school? Most likely, you didn’t know a soul, had no idea what the students were learning and you probably felt  nervous, intimidated or maybe even afraid. In most cases, this is what it’s like to be a new …

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Insurance Mind the Gap
2012 August Mind the Gap

 Insurance is designed to be there for us when we need it most. Without knowing  the full extent of our coverage, though, we may find ourselves facing an  emergency with less protection than we thought. For shareholders or unit  owners, it…

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Insurance Insurance Fraud!
2012 August Insurance Fraud!

 When it comes to insurance, there's more to think about than just premiums and  deductibles; on one side, there's insurance fraud—and on the other, there's the insurance that protects you from fraud. Both sides  of the equation are import…

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Q&A Q&A: Transfer of Shares
2012 July Q&A: Transfer of Shares

Q My wife and I own the shares for our co-op apartment jointly. We wish to establish a revocable living trust for our assets and the apartment. Our co-op board is unwilling to make the transfer to the trust. How can we convince the boar…

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Law & Legislation Structural Vs. Non-Structural Repairs
2012 July Structural Vs. Non-Structural Repairs

 A leaking pool, a wall in need of repair, a faulty exhaust system, chimney and  furnace repairs… Who’s responsible for fixing them? Generally, most leases provide that “structural” repairs are the landlord’s responsibility and that “nonst…

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Law & Legislation Co-op Board Members Not Held Liable
2012 July Co-op Board Members Not Held Liable

Individual cooperative board members scored a major victory recently in the case of Weinreb v. 37 Apartments Corp., et al, an appellate court decision that relieved them of certain responsibilities when it comes to shareholders' propos…

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Neighborhoods Valley Stream, New York
2012 July Valley Stream, New York

 Valley Stream is known for being a big village with a small town feel. With a population of nearly 38,000, Valley Stream is one of the largest villages  in the state of New York. The incorporated village is located inside the  southwest p…

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Finance Mayor's 2013 Budget Plan Unveiled
2012 July Mayor's 2013 Budget Plan Unveiled

 Mayor Michael R. Bloomberg recently released the New York City Executive Budget  for the 2013 fiscal year. While the mayor lauded the $68.7 billion plan as a “balanced budget with no tax increases,” the City Council believes the prelimina…

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