Q. I have a question as a shareholder. Our Mitchell-Lama development in NYC is taking a needed bank loan to cover major repairs. There was no shareholders meeting or voting on this capital improvement. The board has not yet decided on how…
Category: Q&A
Q. The government has provided relief for renters of cooperatives. Is there any relief for cooperative shareholders? I’m told by the building manager that the relief fund provided was for management. How can everyone get help and not the …
Q. I have lived in a Mitchell-Lama co-op since 1992 and never received a copy of the complete house rules. I have been assaulted by a neighbor’s husband; he is not a tenant on record yet lives here and is a very dangerous person. Does the…
Q. I signed a contract at the end of November 2020. There was an increase in the maintenance in February 2021, so it’s likely they got notice of this in December. Unfortunately I wasn’t given notice of this $55 increase per month until th…
Q. I live in a co-op with some unsold share apartments. This month a woman in a rent stabilized apartment passed away. Will her apartment remain rent stabilized, or can the owner transfer it to market value? —Wondering A. “The questi…
Q. I have a two-bedroom co-op in Manhattan. I also have a townhouse in Los Angeles because that is where I pursue acting for TV and film mostly. I have had roommates in my New York apartment as I come in 1-2 times a year. My current roomm…
Q. Five years ago, my husband and I bought an apartment with a small deck, which is located on top of my building’s parking garage. The prospect of a little outdoor space is what sold us on this place. For about eight months a year, it’s …
Q. I am a shareholder and current member of the board of directors running for reelection in my co-op. At the meeting prior to the election, myself and the attorney for the co-op were engaged in a verbal dispute. The attorney became very …
Q. I live in a prewar co-op building. It takes 5-10 minutes for the cold water in my kitchen and bathroom to get truly cold. It starts out warm or lukewarm (75-82 degrees Fahrenheit) when I first turn it on, and it’s very frustrating. The…
Q. In addition to our monthly $942 common charges, the board of our condominium complex has been collecting an additional $257 assessment each month since August 2018 in anticipation of future repair work, and to replenish our underfunded…