Q Our co-op has a board member who shared a confidential board decision with the shareholders and went so far as to initiate and circulate a petition for a meeting of shareholders to reverse the board decision. Naturally, many sharehol…
Q I have lived in my cooperative apt for the past 13 years and have never been late with my carrying charges. In those years, the only repairs that the cooperative has made in my apartment have been emergency repairs (there was a broken…
Q I am a board member and shareholder in a Westchester County cooperative where there has recently been a lot of conflicts among board members. There is a board member who owns her own realty company and is now privy to all confidentia…
Q I am a co-op owner of 8 years and our management has raised the late fees from $25 to $50. Can this be done without any warnings? This affects me as I am not able to pay the maintenance and parking by the 10th of each month. I have wr…
Q Does a cooperative board have the legal right to create their own occupancy guidelines? —Curious Cooperator A “The proprietary lease (sometimes called the “occupancy agreement” in certain co-ops) of a cooperative t…
Q I own a co-op in Mount Vernon, New York. I was unable to sell the co-op so the board approved a sub-lease. The maintenance was in arrears by one month plus the current month. I was sent a letter by an attorney to pay the arrears plus t…
Q My wife and I own the shares for our co-op apartment jointly. We wish to establish a revocable living trust for our assets and the apartment. Our co-op board is unwilling to make the transfer to the trust. How can we convince the boa…
Q I recently encountered an unfortunate situation with a co-op apartment sublet, and hope that someone may have some advice. I recently signed a two-year lease to sublet an apartment in a co-op building in Manhattan, with the expectatio…
Q “Recently our association dues went from $166 to $275, and the main reason we were given was that the last board was 'corrupt' and money wasn't being allocated correctly. Another reason we were given was that others in the complex we…
Q I recently bought a co-op in Kew Gardens, and I am now living what is starting to seem like it will be a nightmare. When it came to the closing, I was only told of an assessment of an extra $60 each month, and, while this was a compl…