The goal is to be an informed board member. For both new and seasoned board members, however, there are countless challenging topics requiring specific knowledge. With new regulations and legislation on tap, it is imperative that board…
Insurance is a tricky business. Sure, people usually know the types of incidents that necessitate an insurance claim (fires, floods, leaks, etc.), but when something happens in a co-op or condo and an insurance claim is filed, few real…
As sales of co-ops and condos continue to slow, developers, property managers and building boards are looking for any possible incentive to attract buyers. Any realtor will tell you that location is the first and primary consideration …
Recent developments, legislatively, environmentally and technologically have led to considerable changes in the New York insurance marketplace. And such changes, as managers know, often lead to added paperwork, confusing requirements, …
Good afternoon—and welcome to the board. Your mission should you choose to accept it is to make decisions to better your building. The residents may not like you and, more importantly, may not like those decisions. Nevertheless, keep do…
Earlier this year, Mayor Michael R. Bloomberg presented his Fiscal Year (FY) 2012 Executive Budget and an updated four-year financial plan. The mayor outlined the plan, which costs $64.7 billion and would balance the budget with a clai…
Q Can the person running for a board position make his own proxy ballot and cast votes for other people? —Electorally Concerned A “The simple answer to both of these questions is likely yes!” says attorney Marc H. Sch…
Q We have a president in a cooperative building that has secret meetings and does everything possible to force his ideas on the membership. He is seemingly vindictive and tells owners if they don’t like it they can move. What can we d…
Q My question is, since Co-op City (in the Bronx) determines carrying charges based on household income, if there's a change in the household income whereby one of the occupants is unemployed shouldn't there be a downward modificatio…
Imagine a quiet oceanfront community with powdery, white sand beaches, wonderful restaurants, a thriving cultural scene, and all of this less than an hour away from Midtown New York City. Look no further than Long Beach. Long …