Category: Q&A

Q&A Q&A: Charged For Writing a Letter
2010 September Q&A: Charged For Writing a Letter

Q “My co-op recently charged a shareholder for a letter written to her by the co-op’s attorney. Other shareholders have received similar letters but haven’t been charged for them. Is it permissible for the board to charge such a fee an…

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Q&A Q&A: Ladies of the Night?
2010 September Q&A: Ladies of the Night?

Ladies of the Night? Q I am writing to find out information on how to deal with a current problem in our condo building in New York City. We have recently noticed a couple of apartments being used as brothels. We live in a new, …

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Q&A Q&A: Sunshine Law and Co-ops
2010 September Q&A: Sunshine Law and Co-ops

Q Does the sunshine law pertain to co-ops? And if so how, as far as keeping shareholders in the dark about misused finances? We recently overturned our board except for the president that still is finishing her term. The new vice pre…

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Q&A Q&A: Dilemma Over Proxies
2010 September Q&A: Dilemma Over Proxies

Q If a co-op board member collects proxies from other shareholders and she or he uses those proxies to advance her/his own interests orpersonal opinion, to move forward a proposed amendment of the proprietary lease, for example; is t…

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Q&A Q&A: Must I Get Homeowner's Insurance?
2010 September Q&A: Must I Get Homeowner's Insurance?

Q The board of directors at my co-op recently mandated that every apartment must carry homeowner’s insurance and list the complex as “additionally insured.” My insurance agent says that by listing them as “additionally insured” on the po…

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Q&A Q&A: Breaking Up is Hard to Do
2010 August Q&A: Breaking Up is Hard to Do

Q “My boyfriend and I live in a co-op apartment. The mortgage is in my name but he is listed as a co-resident of the apt. If we break up, is there a chance that we would have to sell the co-op to split the ownership of shares? What l…

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Q&A Q&A:Can Co-ops Allow Roommates?
2010 August Q&A:Can Co-ops Allow Roommates?

Q I live in a self-managed co-op and we are getting conflicting information about whether co-ops can disallow roommates or not. We've heard that the board of directors has absolute decision making power over whether or not to allow room…

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Q&A Q&A: An Unresponsive Board
2010 July Q&A: An Unresponsive Board

Q “What recourse do unit owners have when a board is negligent of their duties? For example, a violation of the bylaws occurs when the board does not inspect common areas for safety and aesthetics when it specifically states in the b…

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Q&A Q&A: Denied Shares by Co-op Board
2010 July Q&A: Denied Shares by Co-op Board

Q “I have been dealing with a co-op board that appears to have denied a transfer of shares to me in a bad faith manner. The proprietary lease states that the board will transfer shares to a spouse or a "financially responsible member…

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Q&A Q&A: Calculating Maintenance Costs
2010 July Q&A: Calculating Maintenance Costs

Q Do you have any advice as to how co-op maintenance is calculated per unit? I am on the market for a co-op apartment and I would like to know how the corporation arrives or calculates the maintenance that a unit must pay per month.…

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