What happens at a co-op or condo community’s annual meeting should be strictly business, though these gatherings also can be a place where resident shareholders and unit owners kvetch about their concerns regarding the building or commu…
Regardless of whether they’re self-managed or employ a management company, a co-op or condominium board of directors will at some point have to make decisions about how and from whom the building gets its supplies and services. …
This in an anxious time in which to sit on the board of directors. With defaults and foreclosures accounting for some 20 percent or more of the units at some condominiums, frustration among board and association members is off the char…
The relationship between boards and management is, by its very nature, a deep and complex one. The two sides rely upon one another to ensure the smooth oversight of their co-op and condo communities. Both are dedicated to doing everyth…
Q Does corporate law require that co-ops have an annual audited financial budget for shareholders? —Budgeter in Brooklyn A “The law imposes no such requirement on co-op apartment corporations,” says Thomas E. Kass…
Q I am a shareholder in a four building, 68 unit co-op. Two years ago, shareholders voted down a board proposal to replace the building’s 23-year-old windows. Recently, the board has decided to go ahead with the project which will co…
Consider the following all-too-common scenario: your condominium association has one delinquent unit owner who owes three months of common charges totaling $915.00 before late fees. Statements have been sent without response, and telep…
Phone hacking. Password hijacking. Virtual identity theft. With new technology comes new challenges, and online security threats are chief among them. When it comes to protecting and insuring the privacy of one's residents, it's impera…
Two research and development projects are currently underway in Manhattan where the New York State Energy Research and Development Authority (NYSERDA), the state agency that promotes energy efficiency, is supporting the development and …
Most boards of co-ops and condominiums spend a lot of time negotiating the terms of their contracts with general contractors; however, it is often subcontractors who do most of the work. Sometimes the Boards are not even aware of how m…