Q The co-op I live in has its own parking. Even stockholders must purchase a parking pass if they wish to use the lot. In order to make it convenient for my son to visit me, I bought him an annual pass to the parking lot. My son is an adu…
Category: Q&A
Q The co-op my mother lives in, in Queens, has a unique way of saving on heating expenses. First, from October to May, maintenance fees are raised for the fuel used during those months. Secondly, the heat is shut off completely at night. …
Q I have a neighbor whose door is just across from mine and whenever she enters her apartment, she closes her door with a very loud bang. Sometimes, I am asleep and I wake up and can’t go back to sleep. This has been going on for year…
Q I recently received a memo from the board of directors of my co-op in Queens Village, stating that the building will not allow cooperators to sell their apartments below a sales price that they determine. Is this legal? —Suspicious…
Q I am a shareholder in a Westchester County 73-unit cooperative, two of which are commercial units generating approximately two percent of the co-op’s income. The president of our five-member board of directors has been president for o…
Q The president of our 75-unit co-op instructed the management company and the superintendent to knock on each shareholder's door and ask for their proxy. The president was up for re-election and wanted to secure his position. The co-op i…
Q Can we have a superintendent on the board of directors although he is not a shareholder? Is this a conflict of interest? What are the pros and cons of an employee being on the board? —Confused & Conflicted A “There is no pro…
Q I am on the board of a cooperative building in New York City. We have recently received two requests from shareholders looking to borrow additional funds by taking out a second loan, (in each case an equity line of credit arrangement) t…
Q We have a number of apartments in our condominium where owners have not paid maintenance for a few months. As our condo is in the process of legal action and collection against these owners, can we stop their access to the apartment unt…
Q Our board of managers want to replace the terraces in our condominium without the consent of the unit owners that have them. If you look at Real Property Law, Article 9-b of the Condominium Act, Section 339-i, Common Elements, u…