Category: On The Board

Law & Legislation Mitchell-Lama Co-ops
2015 October Mitchell-Lama Co-ops

In 1955, when many city neighborhoods were deteriorating and the flight to the suburbs was going full blast, the Mitchell-Lama bill, named after state Sen. McNeil Mitchell and Assemblyman Alfred Lama, was signed into law in New York State. …

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Board Operations Good Boards Make Strong Communities
2015 October Good Boards Make Strong Communities

Accepting a board position for a homeowners association is no easy task- you can please some of the residents some of the time, but rarely if ever can you please everyone. For board members, serving the community they live in may seem like …

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Board Operations Noise Rules
2015 October Noise Rules

When you live in a multifamily building, however, peace and quiet can be hard to come by. From the guy upstairs who gargles loudly at precisely 6:47 a.m. every morning to the neighbor with the yapping Chihuahua—at some point the soundtrack …

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Board Operations Going by the Book
2015 October Going by the Book

It happens in business, government, and industry every day: employees learn the rules of a new job, and before long they know those rules so well, they start going around them or taking short cuts. Rarely is this done with malicious intent.…

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Board Operations Upholding Your Fiduciary Duty
2015 October Upholding Your Fiduciary Duty

Being on the board of a co-op or condo is a big responsibility—one that shouldn’t be taken lightly. While some people may run for a board seat just to have the title, they need to be prepared to govern fairly and make decisions that are in …

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Board Operations Getting Your Foot in the Door
2015 September Getting Your Foot in the Door

Buying an apartment in New York can be a real odyssey—finding a place that fits your budget and other requirements, securing a mortgage, gathering reams of paperwork for the closing...all very stressful and tedious. But for those buying int…

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Board Operations Energy Saving Incentives
2015 September Energy Saving Incentives

Are you a building manager who wants to retrofit your building with energy-efficient lighting? Or maybe you're a board trying to re-do your central air conditioning system, but you don’t know if you have it in your budget? Thankfully, there…

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Board Operations Preventing and Eliminating Pests
2015 September Preventing and Eliminating Pests

It’s a common scene on a New York street. A woman dressed in head-to-toe black is walking down the street, chatting on her phone. A rat the size of a small cat appears from behind a garbage can and wanders right across the woman's path; her…

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Board Operations Bankrolling the Board
2015 September Bankrolling the Board

Co-op and condo board members are charged with the all-important responsibility to make critical policy decisions that ensure the building, the property, and their neighbors' interests are cared for and protected. It's a job that requires l…

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