Category: Q&A

Q I reside in a co-op apartment in the Bronx. For one year I incurred damages to my bathroom and kitchen ceilings from a washing machine above. The damage allegedly came from a negligent tenant of the shareholder. Each time the leak oc…

Q I live in a 15-unit co-op in Queens. A single tenant owner lives in one of the apartments. She has requested, while still living here, to remove her name from the stock certificate, and replace it with her daughter’s name. Is this le…

Q I’d like to ask about the transfer tax in co-ops. I have been living in a co-op unit with my brother for 11 years. It is currently under both of our names, but now I want to change it to my name only. How does the transfer tax figure…

Q I am a shareholder in an eight-unit co-op in Brooklyn. The board is composed of all eight owners, of which there are four officers. My apartment is on the top floor, and over the past few years I have sustained over one dozen water l…

Q My question is about the co-op’s building sponsor. I understand the building is owned by each shareholder and that they vote in a board to run the corporation. How does the sponsor factor into all of this? Is the sponsor part owner a…

Q Two weeks prior to our annual condo election, the unit owners receive their proxies in the mail. However, a board member, who was up for re-election, obtained a proxy from the managing agent two weeks earlier than all the unit owners. I…

to come

Q I live in a 47-unit building and many of my neighbors have two or three children living with either one or two parents in the one-bedroom apartments. I believe that those apartments should be paying additional maintenance to cover th…

Q Our co-op board issued a list of breeds of dogs they considered “aggressive,” which will no longer be permitted, other than those already grandfathered in. I can’t remember them all, but it must have been close to 30 breeds. They cla…

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…