As the directors of a cooperative corporation, co-op board members have a number of duties to their shareholders, chief among them to preserve and improve their investment and to maintain and/or improve shareholders’ standard of living …
Co-op and condo boards are made up of resident volunteers who want to serve their building communities and have a hand in its governance. While some board members actually make their living as attorneys and have a working knowledge of …
With homeownership comes great responsibility. For co-op and condo residents, part of that responsibility means sorting through the seemingly mile-high stacks of documents handed to you before, during and after the purchase process beg…
Although the budget and tax cuts occupy the public agenda in these recessionary times, housing is still as big an issue as ever. Many housing-related bills, including those specifically related to co-ops and condos, have been introduced…
From attorneys to contractors, every building has a list of various professionals to work with to keep things running smoothly. One of the most important of these professionals is the building’s accountant. One wrong calculation or miss…
Q “I live in a co-op in Queens. The front door to my apt. is being replaced—due to its extreme age it is no longer functioning properly. The manager informed me that I will be responsible for providing all of the hardware for this door—…
No, it’s not the Katy Perry song, “first you’re hot and then you’re cold,” but treating a bedbug infestation can be just as opposing and confusing as the romantic relationship in that popular song. Do I go with the pest control company …
Given the state of the economy and the real estate market, a novel issue is whether when a bank conducts a foreclosure sale on the shares relating to a cooperative apartment (without a judgment of the court), the successful bidder is su…
Astoria is a neighborhood in the northwestern corner of Queens that is as diverse as the immigrants that settled there from places as far away as Greece, Italy, Ireland, Latin America, Asia, and the Middle East. A Famous Ances…
Filing a lawsuit as any co-op or condo resident that’s been involved in one can attest, is not only very time-consuming and expensive, but equally unnnerving and contentious. A much saner solution to settle any acrimonious dispute is to…