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Q&A Q&A: Superintendent on Board of Directors
2008 Aug Q&A: Superintendent on Board of Directors

Q Can we have a superintendent on the board of directors although he is not a shareholder? Is this a conflict of interest? What are the pros and cons of an employee being on the board? —Confused & Conflicted A “There is no pro…

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Q&A Q&A: Home Equity Loan Requests
2008 Aug Q&A: Home Equity Loan Requests

Q I am on the board of a cooperative building in New York City. We have recently received two requests from shareholders looking to borrow additional funds by taking out a second loan, (in each case an equity line of credit arrangement) t…

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Q&A Q&A: Tenant Lockout?
2008 Aug Q&A: Tenant Lockout?

Q We have a number of apartments in our condominium where owners have not paid maintenance for a few months. As our condo is in the process of legal action and collection against these owners, can we stop their access to the apartment unt…

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Q&A Q&A: Terrace Replacement Without Consent
2008 Aug Q&A: Terrace Replacement Without Consent

Q Our board of managers want to replace the terraces in our condominium without the consent of the unit owners that have them. If you look at Real Property Law, Article 9-b of the Condominium Act, Section 339-i, Common Elements, u…

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Law & Legislation New York City Changes Codes
2008 Aug New York City Changes Codes

New building codes went into effect on July 1, 2008 that have completely revamped the inspection and testing procedures for elevators, escalators and other vertical transportation equipment in buildings. The new and more stringent elevat…

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Energy Conservation Green Building Insurance Practices
2008 Aug Green Building Insurance Practices

One impact of climate change is being felt as natural disasters of increasing frequency and strength are causing extensive damage to homes and businesses. The four hurricanes of 2005—Katrina, Rita, Wilma and Dennis—caused more than $57 b…

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