Board Operations Fiduciary Duty
2012 October Fiduciary Duty

 Being elected to the board of directors of a co-op or condo comes with a great  deal of power, and with that power also comes a great deal of responsibility. Whether they serve a co-op or condo community, board members, in their position  …

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Board Operations The Benefits of Being on the Board
2012 October The Benefits of Being on the Board

 Many co-op and condo owners want to get involved in their community but they  soon find out that being on the board is no picnic. Soon neighbors are  pestering them asking for feuds to be settled, decisions that affect all  resident’s liv…

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Board Operations Boards Underwater
2012 October Boards Underwater

When the bank took back a Harlem condominium, the rest of the building's residents were stuck with years of unpaid arrears by the former resident. “There was a tremendous amount of arrears from about three or four years already accruing…

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Board Operations Getting Ahead of the Curve
2012 October Getting Ahead of the Curve

 It's almost a mantra: the more you know, the better off you are—certainly when it comes to doing the job of a cooperative, condominium or HOA  board member. No matter how enthused and engaged a new board appointee may be,  they don't come…

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Q&A Q&A: Who's Responsible for Repair?
2012 September Q&A: Who's Responsible for Repair?

Q I live in a townhouse development consisting of 120 units. The board is the management team and the association is financially responsible for outside maintenance. In 2009, there was work done on the sidewalks and stoops, and more wo…

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Q&A Q&A: Providing Services to Hotel-Converted Condo
2012 September Q&A: Providing Services to Hotel-Converted Condo

Q The building where I live, a former hotel, was converted to a condo about four years ago. There are nine hotel-stabilized tenants remaining as renters within the condo. Management says that our hotel-stabilized units have been “condom…

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Organizations Keeping It Cool
2012 September Keeping It Cool

 Heating and cooling systems within co-op or condominium developments are called  upon to provide safe, consistent energy to residents. The people who bring you  heat, air cooling and refrigeration know that, and want to find what works—an…

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Energy Conservation Cutting Heating Costs
2012 September Cutting Heating Costs

 As winter looms, property owners can cut costs and save on their heating bills  with preventive maintenance and upgrades to their steam systems. Here are some  suggestions for savings from Con Edison.    Optimize Steam Piping Syste…

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Neighborhoods Woodside, Queens
2012 September Woodside, Queens

 Long known as a working class, Irish enclave tucked under the No. 7 subway line  in the western portion of Queens, Woodside is a neighborhood with a  multicultural flavor, affordable housing and an extremely convenient location.   …

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