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Category: Q&A

Q&A Q&A: Staff Holiday Fund Tax Implications
2019 November Q&A: Staff Holiday Fund Tax Implications

Q. For more than 30 years, my condominium building has had a resident-managed fund that collects cash gifts for the staff at holiday time. This has worked very well and was always 100 percent independent of the condominium board and the m…

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Q&A Q&A: Improper Power Grab Threatens Co-op
2019 November Q&A: Improper Power Grab Threatens Co-op

Q. I live in a Housing Development Fund Corporation (HDFC) building in the Bronx. My building has no meetings or elections, and shareholders are not informed of our financial status at all. The treasurer’s son has taken complete control a…

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Q&A Q&A: Calculating Assessments
2019 October Q&A: Calculating Assessments

Q. I live in a Queens County cooperative complex with 250 units. I have lived here for more than 30 years, and have paid many assessments, always using the 'pro rata percentage' to calculate the assessment. The board has now determined th…

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Q&A Q&A: Parking Spaces and Out-of-Town Plates
2019 September Q&A: Parking Spaces and Out-of-Town Plates

Q. Can the board of directors of a co-op and management refuse a parking space to someone who lives in the building but has out-of-town license plates?                                                 —Is This Legal? A. “As with many i…

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Q&A Q&A: Smoking and Shared Terraces
2019 September Q&A: Smoking and Shared Terraces

Q. We need help with this dilemma. Our co-op’s public areas are all non-smoking – but what about the shareholders who share a terrace? Out of 82 terraces, 12 share their terraces with neighbors, some of whom smoke. It is a big problem for…

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Q&A Q&A: Leasing a Commercial Space to a Board Member
2019 August Q&A: Leasing a Commercial Space to a Board Member

Q. I am a shareholder in a co-op in Brooklyn. It has come to my attention that the board of the building has plans to develop some commercial space in our building and rent it to another board member. Management has distributed letters to…

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Q&A Q&A: Can Bike Fees Be Imposed on Existing Owners?
2019 August Q&A: Can Bike Fees Be Imposed on Existing Owners?

Q. My family have stored our bikes in our co-op basement for years at no charge. Now the board and management have decided to impose a large fee for each bike, including for existing owners. We asked the board to tell us on what citation/…

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Q&A Q&A: Trying to Get an Elevator Fixed
2019 July Q&A: Trying to Get an Elevator Fixed

Q. My family and I live in a six-story condominium in Manhattan. We own the top two floors (5 & 6), which amounts to 22 percent of the building. The elevator has been out of service for two months. The board members seem to be in no hurry…

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Q&A Q&A: Bathroom Leak
2019 July Q&A: Bathroom Leak

Q. I purchased my co-op four years ago with a master bath that had been remodeled seven or eight years ago by a previous owner. It appears that water/moisture is seeping into the foyer wall on the opposite side of the shower stall and is …

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