Q. I have an upstairs co-op shareholder who hosts four grandchildren every weekend, and allows them to run, jump, stomp, and roughhouse late into the evening from the time they arrive on Friday until they leave on Sunday around 9:00 pm. A…
Q. My fiancé and I share a co-op, and we are not getting along. I want out, but he doesn’t. The co-op is in both our names. So what would happen? Do we have to sell and vacate? Truth be told, he no longer wants to be with me. I want to se…
Q. I am a former board member who held the office of secretary. I have a question pertaining a stock certificate. I signed a stock certificate regarding a shareholder (who died in 2010) that was approved by the previous board and issued i…
Q. Recently I had a leak from a faulty radiator coming from the co-op unit above me that damaged a part of my ceiling – roughly a 30” x 40” area. The superintendent fixed the leaky radiator, and some time later scraped the water-damaged p…
Q. I am a shareholder in a cooperative apartment, and I believe that building money is being used for personal uses. I have been denied access to the building’s books. As a shareholder, what can I do to see them? …
Q. How do you go about filing a complaint against the board and property management for financial mismanagement? We suspect the board has exhausted its operating expense budget on items that are deemed capital expenses. The board is now a…
Q. I’m on the board of a complex of three buildings housing about 282 units. Our insurance company is pressuring the property manager to get us to raise our insurance coverage level to cover the cost of completely rebuilding our buildings…
Q. What can be done when a co-op building has pipes in the building that proved to be positive for asbestos, and the building refuses to release the test results to shareholders who are affected? Are they entitled to get results ? …
Q. Can married couples serve on the co-op board at same time? —Concerned Stakeholder A. “Unless specifically prohibited in the corporate documents or bylaws,” says attorney Adam Leitman Bailey of Adam Leitman Baile…
Q. There is structural damage in a sponsor-owned apartment. The rent-controlled tenants who live there require specific accommodations within their apartment due to a disability. The overall construction is the co-op’s responsibility; how…