Drawing up a contract for management services looks at first glance like a simple task. Such contracts usually follow a particular format and outline similar services for both co-ops and condos, regardless of size. But what about contr…
Job losses. Bankruptcies. Foreclosures. These are tough times for everyone, but when homeowners fall on hard times, they are often late paying their condo or co-op fees. Some can’t even afford to pay them at all. Add in contractors and …
These are hardly the best of times for those who manage co-op and condo buildings, charged as they are with overseeing financial well-being, maintenance goals, legal issues and an almost unpredictable kaleidoscope of other daily concer…
With the New Year under way, The Cooperator’s 2011 Co-op & Condo Expo is quietly taking shape as this spring’s must-attend event for the tri-state area’s property managers, trustees, and unit owners. Held at the Hilton New York in …
Q What are the rules concerning how many proxies any one person can submit? Also, does a person submitting proxies have to be a unit owner or even live in the complex? We have a situation where a renter, not an owner, of a co-op coll…
Q “The board was advised by one of the owners that we must mail all the minutes of each directors’ meeting to all the owners. Is this correct?” —Out in the Open A “In order to answer this question it would be nece…
Security systems are not just for homeowners in a suburban setting. With advances in wireless technology, security and life safety systems, the features found in the newest systems are a great appliance add-on to condo or co-op apartme…
A proposal to ban federal lenders from purchasing loans in co-ops that use flip tax fees or condos with deed-based transfer fees has housing community leaders worried the ruling would lead to diminished operating budgets and severely d…
These days SoHo is populated by fancy eateries, high-end boutiques, the Apple store, and of course, the art galleries. On the weekends, the streets are packed with shoppers and tourists. This neighborhood is characteristic of several a…
New legislation and a push by the city fathers to make New York City buildings more energy-efficient has thrown the gauntlet down for New Yorkers to also become more energy-conscious. Wouldn’t it be great if residents decided to take th…