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Law & Legislation Reacting to Sponsor Default
1995 Jun Reacting to Sponsor Default

tarting in the mid '70s and continuing through the latter part of the '80s, New York City was engulfed in the co- oping craze. As prices spiralled upward, owners of residential property were cashing in by converting buildings from rentals…

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Management The Roof Over Your Head
1995 Jun The Roof Over Your Head

One of life's most basic necessities is to have a roof over one's head. In an apartment building,while the roof may be a dozen stories above your home, it is still one of the most fundamental parts of the building. If the roof is not proper…

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The 'Small Print' of Laundry Contracts
1995 May The 'Small Print' of Laundry Contracts

Looking for some interesting reading while you're doing the wash? You might want to take a look at your property's laundry service contract; specifically, the controversial clause known as the right of first refusal. If your contract con…

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Design Miracle on 49th Street
1995 May Miracle on 49th Street

Construction began in mid August, in the midst of the sweltering heat of New York City. A miracle was taking place at the United Nations Plaza; a miracle that was completed in 12 short weeks. Walls were being knocked down, electrical wire…

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Board Operations The Role of the Treasurer
1995 May The Role of the Treasurer

The co-op and condo community has been shocked by recent disclosures concerning inappropriate and/or illegal activities by real estate managing agents, their employees and the various industries selling supplies and materials to co-ops and …

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Law & Legislation Big Trouble at Big Six
1995 Apr Big Trouble at Big Six

Trust. It's a word often heard when board members and shareholders of Big Six, a 982-unit co-op complex in Woodside, Queens, talk about their former managing agent, Richard Stone, and what they think went wrong. Essentially, they say, we…

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Management Local Law 10 Update
1995 Apr Local Law 10 Update

Local Law 10 of 1980 was enacted shortly after a piece of terra cotta masonry fell from the facade of an Upper West Side building and killed a passing college student. The New York City Council, in an effort to minimize the chances of …

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Management Indoor Air Quality
1995 Apr Indoor Air Quality

It is well established that individuals in New York City spend 80 to 90 percent of their time indoors, either at the work place or at home. It has also been established that the indoor air quality may be as poor as the outdoor air. The he…

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Board Operations Working With Your Super
1995 Apr Working With Your Super

At eight o'clock on a weekday morning, you won't find Peter Grech hustling to catch a train or waiting in line for the bus. Nor will you find him snug in his bed, dreaming the morning away. Grech is a resident manager for the Alfred, a 224-…

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Shareholder Relations Pet Policy Politics
1995 Mar Pet Policy Politics

Let's face it, the City is going to the dogsM-or is it cats? New Yorkers love their pets. No matter whether feline or canine, the depth of emotion owners have for their furry companions is staggering. This staunch devotion could go double f…

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