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Design The Good, the Bad, and the (Really) Ugly
2008 May The Good, the Bad, and the (Really) Ugly

“Beauty is in the eye of the beholder.” “There’s no accounting for taste.” “One man’s trash is another man’s treasure.” While these age-old adages generally hold true, when it comes to working with design committees in co-op and condo sp…

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Q&A Q&A: Shared Living Arrangements
2008 April Q&A: Shared Living Arrangements

I have lived in a co-op for the past three years. I am planning on having my boyfriend move in with me in a few months. Are there any rules or regulations that will prevent that from happening within my co-op? —Subleasing Sh…

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Q&A Q&A: The Majority Rules?
2008 April Q&A: The Majority Rules?

Our board has unilaterally determined that a “majority” of residents want an exercise room. And the board, in spite of this, continues  to spend our money to pursue the project despite our requests to “cease and desist” and hold a general m…

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Q&A Q&A: Reviewing Reverse Mortgages
2008 April Q&A: Reviewing Reverse Mortgages

Q Does a co-op board have any involvement in an individual building shareholder securing a reverse mortgage? —Curious Shareholder A “Yes—a board of directors of a cooperative apartment corporation is involved wh…

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Law & Legislation Drawbacks of the Boom
2008 April Drawbacks of the Boom

In case you haven’t noticed, there is currently a building boom taking place in New York City. With so many scaffolds and cranes dotting the skyline, it seems like everyone wants to get into the real estate game and be a developer. …

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Interior A Serious Problem for Boards and Homeowners
2008 April A Serious Problem for Boards and Homeowners

Over the past three years, bedbug infestations have increased exponentially in New York City, causing panic among homeowners, co-op/condo boards and property managers. In 2004, there were 1,800 bedbug complaints recorded by the city. By …

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Board Operations Where Can Boards Turn?
2008 April Where Can Boards Turn?

Most board members are volunteers—some may have experience with certain aspects of running a building, but most come to the job relatively green, armed only with a sense of responsibility and a desire to serve their building community. S…

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Organizations The Department of City Planning
2008 April The Department of City Planning

Imagine the biggest three-dimensional puzzle you can. Now imagine fitting eight million people into this puzzle. Putting the pieces together takes more than just luck. It takes enormous skill, precision and foresight. Those are three att…

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Real Estate Trends Knowing What You're Worth
2008 April Knowing What You're Worth

For anyone getting a mortgage for a new apartment, a property appraisal is part of the cost of securing their new place. In fact, for existing apartment owners, it’s one of the most important things they can do for their property. An app…

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