Mold—it’s an ugly four-letter word in more ways than one. Nobody wants to think about the fact that this fungus can be found anywhere where water leaks or drainage problems are present. Mold can cause serious damage to a co-op or condom…

Time was when the average New Yorker didn’t think much about floods. Sure, there were severe storms here, such as the infamous Hurricane of 1938 that hit Long Island and the Great Nor’easter of 1992, but these were few and far between. …

Q “What recourse do unit owners have when a board is negligent of their duties? For example, a violation of the bylaws occurs when the board does not inspect common areas for safety and aesthetics when it specifically states in the b…

Q “I have been dealing with a co-op board that appears to have denied a transfer of shares to me in a bad faith manner. The proprietary lease states that the board will transfer shares to a spouse or a "financially responsible member…

Q Do you have any advice as to how co-op maintenance is calculated per unit? I am on the market for a co-op apartment and I would like to know how the corporation arrives or calculates the maintenance that a unit must pay per month.…

Nestled by the water on the south end of Babylon, a town in Suffolk County, is the Village of Babylon, a two-square mile incorporated entity that is home to a little over 12,000 residents. Babylon Village isn’t very large, but it is hom…

For the majority of co-op or condo owners, their apartment is their largest asset. That apartment should be viewed as an investment and one that makes fiscal sense. But that approach is impossible if unit owners are missing important p…

Given recent headlines, cooperative and condominium associations could be forgiven for thinking they need to put an armed guard and razor wire around the petty cash box. A wave of fraud appears to be hitting properties from New York to…

 While news of defaults, liens, and other financial train-wrecks have dominated  the news and caused many building boards plenty of sleepless nights, co-ops  have been lucky. While a spike in defaults on maintenance payments over the  last…

 Not everybody on a co-op or condo's board is an accountant (or can even balance  their own checkbook, for that matter.) Handling the money for an entire building is a big responsibility, however, and  residents rely upon their board to ma…