Category: Q&A

Q&A Q&A: One Good Reason
2006 Oct Q&A: One Good Reason

Q When an applicant applies to buy into a co-op and pays the high application fee, yet is denied by the board, shouldn’t they be given a reason why they were rejected? I feel strongly that the board is wrong in turning someone away with…

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Q&A Q&A: Use of the STAR Abatement
2006 Oct Q&A: Use of the STAR Abatement

Q Our co-op owners were just notified that the board has decided to appropriate the New York state School Tax Relief (STAR) tax abatement due to us for 2001/2002 and 2002/2003 as an assessment to do work on the building. Is this legal? …

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Q&A Q&A: Smoking Ban?
2006 Sep Q&A: Smoking Ban?

Q I have a question about a condo owner’s right to smoke in their apartment. Having secondhand smoke infiltrate our units troubles many of my fellow condo owners—including myself. Our property manager suggests that we approach the offend…

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Q&A Q&A: Surpassing the Shareholders?
2006 Sep Q&A: Surpassing the Shareholders?

Q Several others and I are shareholders in a co-op on the East Side of Manhattan. Our board and management company are putting through Local Law 11. This is not a problem. However, they have refused for any of the shareholders to see th…

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Q&A Q&A: Unfair Allocations
2006 Sep Q&A: Unfair Allocations

Q Our 20-floor co-op consists of two small buildings. The building went co-op in 1982 and the sponsor/owner converted from oil to gas, removed the boiler at his expense, and converted the basement space into a 1,200-square-foot-duplex …

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Q&A Q&A: Hot Under The Collar
2006 Sep Q&A: Hot Under The Collar

Q We moved into our Chelsea co-op last spring, and when the heating was turned on in the fall, we learned that the west wall fin tube radiation wasn’t working. This means that we have no heat in the bedroom and partial heat in the livin…

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Q&A Q&A: How Long To Approve
2006 Aug Q&A: How Long To Approve

Q I have a one-bedroom co-op in a six –story, 78-unit building in the Bronx on the market for $53,000 and have a prospective buyer who filled out the board application and provided the financial information required by the board. After …

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Q&A Q&A: Elevator Replacement
2006 Aug Q&A: Elevator Replacement

Q Our six-story Queens condo is considering replacing our elevator. We have stairs, obviously, but getting up and down six stories will be difficult for some of our older unit owners. What legal obligations do we have as the board to p…

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Q&A Q&A: Sponsor Conflict
2006 Aug Q&A: Sponsor Conflict

Q After serving on my board for the past two years as a vice president, I have now been elected president of my 83-unit Manhattan co-op. The equity sponsor (and 14 percent shareholder) has always been on the board, and for the last thre…

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Q&A Q&A: Board Trouble
2006 Aug Q&A: Board Trouble

Q We have only three board members in our building. The current board has been in place for about seven years, and our shareholders would like to remove them because they’re ineffective. They failed to replace a board member who resigne…

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