Category: Board Operations

Board Operations Mature successful boss happy with achievement talking on phone inside office, senior lawyer consulting clients on phone, businessman wearing glasses in business suit, man at workplace standing.
2024 December The President’s Role

What is the role of a board president in a shared-interest community? Is he or she more like a CEO, an administrative custodian, or a figurehead? Depending on the community and the needs and expectations of its members, the answer could be …

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2024 November Local Law 97 Deadline is Coming

As we enter the final quarter of 2024, the first Local Law 97 (LL97) submission period is quickly approaching for New York’s co-ops and condos, with the first annual emissions reports due in May of 2025. Under LL97, owners of buildings over…

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Commercial Leases in Co-ops

Having a commercial space on the ground floor of your co-op building can be both a blessing and a curse.  On the blessing side, the income generated by such a space can provide much-needed income for a residential cooperative, reducing sha…

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Board Operations The Role of the Board President
2024 October The Role of the Board President

Just as a ship cannot steer without its captain, a board cannot function effectively without its president. Serving as the administrative head, this volunteer position is vital for ensuring the smooth operation of a condo, co-op, or HOA boa…

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2024 October Amending Bylaws and House Rules

A community’s governing documents, including its bylaws and house rules, are like a country’s constitution and laws. They are—or at least they should be—‘living’ documents that like our state and national laws and constitution, occasionally…

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Commercial Leases in Co-ops & Condos

The presence of commercial space in a shared interest building can be a blessing for the community - and it can also be a burden. It can bring in much needed additional income to help defray the cost of running the building - but at the sam…

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A Matter of Will

Benjamin Franklin famously said, “Nothing in this world is certain except death and taxes.” In the world of co-ops and condos, this truth is amplified. Along with the obvious impact on the deceased’s family and associates, the passing can a…

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2024 June Navigating Building Decarbonization

Multifamily buildings—both new and existing—face barriers to decarbonization amid competing demands and growing pressure from legislation, residents, and tenants. But there are opportunities to build value today, namely energy efficiency an…

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2024 May Assessing Buyer Applications

Groucho Marx once famously said, “I wouldn’t belong to any club that would have me as a member.” Not so for many in the world of co-ops, condos, and HOAs.  Shared communities often (if not usually) have an application process required for p…

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