Co-op boards are notorious for scrutinizing potential shareholders. Condos, on the other hand, are often thought of as more lenient—and thus more desirable—by buyers because condo boards lack the power to probe too deeply into a buyer’s per…
As many readers are by now aware, a rule that proved a hindrance to the operations of many co-ops in New York was drastically altered in December of last year--and the changes are having far-reaching effects on the city's co-op communities.…
In most cities, traditionally, the choicest pieces of real estate are owned by native sons and daughters, people who are from the area. Money comes in from everywhere, but the entrepreneurs making that money are homegrown. Heinz and Carn…
Q I live in a co-op where some fellow owners and their children are very disruptive in the common areas and are damaging the building and my personal belongings. What are our rights? Some owners think that because we are all connected th…
Q I am on the board of a cooperative that is over forty-years-old. We wish to replace steps in the lobby with ramps to accommodate wheelchairs. We want to know if we can receive any public financing since we are helping the disabled. …
Q Do you have any information on what to do about a neighbor who admittedly has roaches and occasionally mice? Doesn’t management have the right to go into an apartment for sanitary reasons? What about the health and cleanliness of the…
Q I am a rent-stabilized tenant in a non-eviction plan Queens co-op. (It was converted in 1986.) A shareholder gave me a ballot proxy so that I could attend the annual meeting of the co-op. Am I allowed to ask questions at this meeting…
Most people living in a co-op or condominium building don’t have much experience with managing major construction projects. They may have skills that can be very helpful to their board—such as financial acumen, to name just one—but not c…
Recent studies of energy usage in multifamily buildings have revealed that the least efficient buildings use up to seven times the energy of the most efficient—even when those buildings are otherwise similar. It should surprise few …
If you’re contemplating buying a new home, there are a few vital questions that should be asked, even before you start attending open houses and getting your heart set on one property or another. Among those questions might be, “How do I…