Design Don't Forget to Look Up
2011 May Don't Forget to Look Up

 A residential building’s roof is its first line of defense against whatever the skies throw at it. Left  untreated, roof problems can proliferate and cause thousands of dollars in  damages to residents’ property, as well as the building i…

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Design Do-It-Yourself, or Call a Pro?
2011 May Do-It-Yourself, or Call a Pro?

 These days, the urge to save a few dollars here and there may be inspiring the  creatively inclined to try their hand at home renovation. Before picking up the  paint brush or tearing up that carpeting however, it may be worth it to consu…

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Design A Gem of a Gym
2011 May A Gem of a Gym

 Like any major project in a co-op or condominium, installing a gym is made up of  two separate yet equally important parts: The brass tacks of planning and  executing the project, and the politics of running it through the board and  resi…

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Design Green at Home
2011 May Green at Home

 Gone are the days when living green meant dwelling in a geodesic dome-house in  the woods somewhere with a sofa and love seat made out of tree stumps. Today,  living green doesn’t look much different than traditional interior design—even …

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Design If You Build It...
2011 May If You Build It...

Whether you're talking about an individual unit owner's renovation project or a major capital improvement that affects the whole building, chances are that there will be an architect involved at some point, to a greater or lesser degre…

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Design The Cooperator's 24th Annual Co-op & Condo Expo
2011 May The Cooperator's 24th Annual Co-op & Condo Expo

 Since its launch in 1987, The Cooperator's annual Co-op & Condo Expo has become a fixture on the business calendar of vendors, service  providers, board members, building staff members and residents all over the  tri-state area. Each year…

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Q&A Q&A: Collecting Interest From Maintenance Charge
2011 April Q&A: Collecting Interest From Maintenance Charge

Q Our cooperative building, for many years, carried a high mortgage. During those years, I did serve on the board. The interest on the mortgage was included in our monthly maintenance fee and was noted yearly for our share for IRS …

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Q&A Q&A: Can I Put Maintenance in Escrow?
2011 April Q&A: Can I Put Maintenance in Escrow?

Q I’m a co-op owner in Nassau County, where my elderly mother lives. I have written repeatedly to the management company regarding water leakage issues we have been having, but while the management company had a remediation expert e…

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Q&A Q&A: When a Shareholder Falls Ill
2011 April Q&A: When a Shareholder Falls Ill

Q My ex-[husband] owns his co-op but has become diagnosed as mentally incompetent after a stroke. He is in arrears on maintenance and the co-op is seeking to evict him. He will be homeless. Also if the co-op takes his apartment, wil…

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Real Estate Trends What's a Biennial Statement
2011 April What's a Biennial Statement

A fact that is often overlooked is that the corporate operations of most co-ops are governed by the Business Corporation Law (BCL). The Business Corporation Law is the main New York State law which governs how co-op corporatio…

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