Category: On The Board

Even though subletting is often frowned upon by boards and sometimes forbidden outright, that doesn't stop shareholders all over the city from renting out their co-ops. Shareholders may sublet as a means of making money on an apartment tha…

With any sort of multifamily housing arrangement comes the possibility of a certain amount of conflict between the various involved parties: shareholders, board members, management, and sponsors. In theory, a key role of a board of directo…

Lots of people talk about the stress and uncertainty of the approval process in New York City's co-op and condo buildings; all that scrutiny, all that paperwork! But the endless reams of forms and files take another toll as well - on the e…

You may not realize it, but your building may be hemorrhaging money. Not in the form of disastrous lawsuits or maintenance crises like a collapsed roof or exploded boiler, but in a steady trickle coming from your method of ordering supplie…

One of the most popular attractions at The Cooperator's 17th Annual Co-op & Condo Expo this past March was the roster of seminars that ran throughout the day at the New York Hilton, drawing standing-room-only crowds to panel discussion…

In this and in future columns, I will be examining decisions of interest to co-ops and condo boards and suggesting what valuable lessons can be learned from these legal decisions. Recently, there were several interesting court decisi…

A Brooklyn condominium board learned a painful lesson recently when a jury awarded $55,000 in punitive damages to a unit owner who lived with a leaking roof for 11 years. The verdict in the case Board of Managers of Sterling Condomi…

Many co-op and condo board members know the difficulty of working to resolve arguments between residents. In mixed-use buildings, the problems may be greater. With both commercial and residential unit owners or shareholders in a building, …

The entire real estate industry - from owners and developers to contractors and architects - has been focused on the issue of mold contamination during the past year. However, no segment of industry has been more watchful than cooperative …

House hunters often spend weeks, months, sometimes even years searching for that perfect place to call home. Finally they find it - great space, perfect location, price within the budget. But, before signing on the dotted line, purchasers …