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Shareholder Relations A Look at Archaic Bylaws
2008 Feb A Look at Archaic Bylaws

On a classic episode of the TV show The Simpsons, the town read its founding charter only to discover that the mayor of Springfield was supposed to get two pigs every year. While there are probably no co-op or condo documents in eff…

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Shareholder Relations New Legislation Changes the Game
2008 Feb New Legislation Changes the Game

For decades, co-op boards and managers have had to walk a delicate line between generating revenue and obeying the law when it came to renting out space in their buildings to commercial tenants. As of December 20, 2007, that has cha…

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Q&A Q&A: Cost Responsibilities
2008 Jan Q&A: Cost Responsibilities

Who is responsible for chimney maintenance in a New York City co-op? (Not all the apartments have fireplaces.) Also, who is responsible for  repairing/replacing windows? My apartment is a loft with unique windows that are not easily repaire…

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Q&A Q&A: Conservation Easements
2008 Jan Q&A: Conservation Easements

What is a conservation easement? What are the tax advantages to a conservation  easement? Can a condo or co-op vote to place a conservation easement?     —Curious in New York  “An easement is a transfer of usage rights. Simply…

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Q&A Q&A: Replacing Shrubs
2008 Jan Q&A: Replacing Shrubs

We are an 11-unit condo. association. In May 2006 two board members decided to  remove our 19-year-old mature beautiful shrubs (azaleas & rhododendrons) from in front of our units. They promised to replace them by September 2006. It has not…

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Q&A Q&A: Setting Up Shop
2008 Jan Q&A: Setting Up Shop

I manage a small Mitchell-Lama co-op. Our local grocery store, which has served  as an important resource for our senior residents who can’t go too far, is closing down. We were wondering what we would have to do to set  up a little store i…

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Q&A Q&A: Taping Board Meetings
2008 Jan Q&A: Taping Board Meetings

Some shareholders of our cooperative wish to record board meetings as the  minutes do not always accurately reflect what was said during open sessions of  board meetings. One of 12 board members objected to the taping of a recent  session a…

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Management Relations Focus on Building Community
2008 Jan Focus on Building Community

It is easy to focus attention on the governance and business aspects of operating associations because of their immediacy. However, clear lines of communication and a strong sense of community among residents focuses everyone's attention…

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Real Estate Trends Industry Pros' Hopes for 2008
2008 Jan Industry Pros' Hopes for 2008

As one year ends and a new one begins, talk turns to New Years' resolutions—everybody has a wish or a plan for how they'd most like 2008 to unfold. For some, a happy New Year includes the fortitude to stick to a sensible diet (finally!).…

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