1997 Dec/Jan
Focus on... Building-Wide Finacial Strategies

What do you look for when you're researching a possible new neighborhood? Movie buffs will tell you that it's essential to be near a state-of-the-art theater. Fitness conscious New Yorkers will want to investigate whether there's a good h…

Money. We all need it and want more of it. And just like any business your building needs to cover its expenses with its income. There are ways your building can make money without having to raise maintenance fees. Installing basement sto…

With interest rates heading lower once again, now may be the ideal time to start hunting for a new underlying mortgage. But don't go off half-cocked. Board members who prepare well before entering the mortgage jungle always bag the bes…

If you've ever served on the board of a co-op or condo, the phrases capital improvements, emergency repair, asbestos remov- al and (these days, especially) lead paint abatement probably elicit particularly unpleasant associations. With ex…

The certificate of incorporation, the proprietary lease (in some cases called occupancy agreements) and the by-laws are the three underlying documents that form the engine running your cooperative. The by-laws are considered by the courts…