Category: Q&A

Q&A Q&A: Too Powerful Prez?
2006 Jul Q&A: Too Powerful Prez?

Q I am on the board of my Ridgewood, Queens co-op, and I have a problem with our current board president. Without consulting the other board members, the president has cancelled our upcoming meeting, saying that there is ‘nothing on the…

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Q&A Q&A: A Fair Sublet Fee?
2006 Jun Q&A: A Fair Sublet Fee?

Q I’m curious! What is a fair sublet fee for a small Brooklyn co-op? Is it just a percentage of the maintenance, or decided upon by some other formula? —Brooklyn Shareholder A Michael Manzi, an attorney at Balber Picka…

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Q&A Q&A: Brownstone Apartment Merger
2006 Jun Q&A: Brownstone Apartment Merger

Q We’re in the process of purchasing two studios in a small brownstone co-op. Our plan is to combine them into one apartment. How will reducing the number of dwellings in the building affect the overall co-op in terms of taxes, mortgage…

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Q&A Q&A: Problem Board Members
2006 Jun Q&A: Problem Board Members

Q I’m currently the vice president for our co-op, a 334-unit community on Long Island. We’re having difficulties with two of our board members. One has been on the board for five years, and has been very destructive. For example, this b…

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Q&A Q&A: Board Member Indemnification
2006 May Q&A: Board Member Indemnification

Q Our board president was given a violation for doing electrical work without a permit and blamed the superintendent for reporting the work to the New York City Electrical Board. She asked the board for the reimbursement for the cost o…

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Q&A Q&A:The Board's Right to Choose Counsel
2006 May Q&A:The Board's Right to Choose Counsel

Q Our co-op board has been sued by a shareholder. We’ve notified our directors and officers (D&O) liability carrier of the lawsuit, and our carrier has in turn appointed a  defense counsel to defend us against the lawsuit. Do we as a boar…

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Q&A Q&A: Heat Conversion
2006 May Q&A: Heat Conversion

Q Our building (which is comprised of 17 one-bedroom units) is heated by a hot water gas boiler with baseboard radiators. The radiators are NOT individually controlled. The building is about 30 years old, and the boiler will soon need …

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Q&A Q&A: Rental Issues in a Co-op
2006 Apr Q&A: Rental Issues in a Co-op

Q I am a rent-stabilized tenant in a co-op building. I was a tenant in the building before it became a co-op, and have had numerous problems with the owners. Currently at the top of my list is a discrepancy over my security depos…

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Q&A Q&A: Added Access, Added Cost
2006 Apr Q&A: Added Access, Added Cost

Q At our recent annual meeting we were shocked to learn that a single shareholder had, without any discussion, filed a complaint with the NYC or NYS over the absence of a ramp or some other special equipment (lift or elevator, possibly)…

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Q&A Q&A: Understanding the Bylaws
2006 Apr Q&A: Understanding the Bylaws

Q I have been an apartment owner in a Woodside cooperative since 1985. Presently,  we shareholders are faced with the problem of an overly controlling board.    I am looking for an explanation, in layman’s terms, of ARTICLE III, title…

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