It goes without saying that individuals and associations alike need to be properly covered by insurance; that's just common sense. But the wide variety of choices can make obtaining that coverage a daunting process. To help boards and …
Blizzards. Ice Storms. Hurricanes. Floods. New Yorkers are used to being buffeted by Mother Nature. But increasingly, it seems, the impact of such storms has lingered long after the weather front blows through, with hundreds or thousan…
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…
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…
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 …
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…
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…
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…
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…
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…