One of the most important pieces of insurance coverage a co-op or condo building carries is its directors and officers (D & O) policy. This coverage protects the personal assets of board members from exposure in the event a lawsuit is fil…

At the Real Estate Board of New York's first residential convention last month, there was a sense of elation in the air. Not only was REBNY celebrating its 100th anniversary and the success of its new trade show, but there was a new sense…

Will you trade in your co-op or condo for a Florida address when you reach retirement age? Don't be so sure. More and more New Yorkers are choosing to age in place in the same apartment they fell in love with when they were in their prime. …

One of the most common problems in co-op and condo management is the failure of building boards and staff to maintain accurate and accessible records of the past performance and activities within the building. Recording the minutes of board…

Most co-op owners have never given much thought to the manner in which they took title of their apartments. But by overlooking this important aspect of such a significant purchase, some shareholders may have put themselves at considerable f…

Everyone agrees that a building's exterior and lobby make a lasting first impression. But have you ever noticed how many signs you pass between the curb and the apartment you are visiting? As we breeze through on our way upstairs, we barely…

This is the time of year when many boards are engaged in the budget and planning process. Unfortunately, this process sometimes results in the unhappy realization that the cooperative does not have enough sources to cover all of its proj…

It's Friday night and you've just arrived home from a long week at work. Picking up your mail, you head upstairs in anticipation of a cold drink and a hot bath. But when you enter the bathroom, you find a quarter inch of water covering the …

One of the most common problems in co-op and condo management is the failure of building boards and staff to maintain accurate and accessible records of the past performance and activities within the building. Recording the minutes of board…

The terraces were crumbling and the board engaged an engineer to make a recommendation. When the engineer reported that the terraces needed several hundred thousand dollars worth of repairs, the board went through a bidding process with the…