Q I am a shareholder in a co-op that has 400-plus units in our building. We have an outside management company that has an office in our building and handles the general operation of the building. I would like to know if there are an…
Q I have lived in a co-op in Little Neck, New York for 21 years. The shareholder-elected board of directors use their authority to mistreat the shareholders. They write letters that are nasty, rude and potentially derogatory. They’v…
Q For the past 2 months our apartment, which is on the ground floor above the basement, has been inundated with a loud noise from a faulty system of leaking pipes and non-working control valves, causing the sump pump to cycle on and …
Q We have a two-building, 146-unit cooperative that has a five-hundred-square-foot ground floor of commercial rental space. It has been vacant for about a month now. We, the board of directors, would like to know: Can this space be con…
Q We’ve had problems with a corrupt management in the past. I’m suspicious of our current management and several board members receiving kickbacks from vendors. Are there any steps that I can take to find out if this is repetition of ou…
Q In the event that a shareholder has a “dispute” with another shareholder—and claims that many other residents of the building have complained regarding the same issue—but refuses to provide the names of other complainants—how should th…
Q Some members of my co-op board want to change our transfer fees upon sale to assign a lower per share fee for those shareholders who purchased after the year 2000. Their reasoning is that real estate values decreased after 2000. Othe…
Q I live in a co-op in Manhattan and am planning to renovate my bathroom. My managing agent has informed me that I must pay a $500 fee to file my application for the renovation, which seems unusual. The renovation is simple—to replace t…
Q Is a condominium required to produce an annual financial report? If they don’t, what is the recourse? If the management company doesn’t allow me, an owner, to review the finances under the New York State Real Property Law, what is my …
Q Currently, I am on a board that is involved in litigation brought about because of a resale denial. I was recently told by a lawyer that if a co-op board is sued “personally and as board members” the following is true: The insu…