Tag: Transparency

Q&A Q&A: How Should Boards Operate?
2019 June Q&A: How Should Boards Operate?

Q. I live in a New York City co-op and would like to understand exactly what the legal responsibilities of board members are. Our board has not posted board meeting minutes for a few years (although annual meeting minutes are distributed …

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Board Operations Access to Documents
2019 April Access to Documents

Living in a co-op, condo or community association can simplify a lot: maintenance issues that keep single-family homeowners up at night aren’t a concern for condo dwellers, and there may even be a door person or concierge to sign for packag…

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Q&A Q&A: I Wanna See the Books!
2019 March Q&A: I Wanna See the Books!

Q. I am a shareholder in a cooperative apartment, and I believe that building money is being used for personal uses. I have been denied access to the building’s books.  As a shareholder, what can I do to see them?                        …

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Insurance The Chain of Communication
2018 August The Chain of Communication

The board of a condominium, cooperative, or homeowners’ association literally exists to serve, and to represent residents’ best interests in the day-to-day business of the association. The relationship between the owner/shareholder and the …

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Q&A Q&A: The Right to Know Who the Board Members Are
2018 May Q&A: The Right to Know Who the Board Members Are

Q. I own a small co-op in Queens. For several years I had to sublet my apartment because I moved to Europe. I need to ask some questions to the co-op board but I am not getting any help from management. I basically wanted to know who the …

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Finance HOA Financial Statements
2018 January HOA Financial Statements

Members of a condominium or co-op homeowners’ association (HOA) have a fiduciary responsibility to manage their community’s funds wisely, and to protect the financial interests of all owner/shareholders. Breaching this duty carries the real…

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Building Operations Board Transparency
2017 October Board Transparency

Community living – the very basis of co-op, condo and HOA life — is based on the idea of trust. In a community of potentially hundreds or thousands of residents, every resident can’t be involved in the making of every decision. Too many coo…

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Q&A Q&A: Accessing Maintenance Records
2017 October Q&A: Accessing Maintenance Records

Q. Can I, a shareholder, get access to records of maintenance work for my own unit? I have been told by the property manager and a board member that the maintenance supervisor has claimed that certain maintenance work was done in my unit …

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Board Operations Board Transparency
2016 February Board Transparency

One of the biggest political buzzwords of the past 10 years or so is “transparency.” Observers demand transparency in meetings of elected bodies in local and state governments, transparency in the proceedings of public agencies, and at time…

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