Tag: Transparency

On The Board Common Board Blunders
Common Board Blunders

Professionals who work with co-op, condo, and HOA boards see a lot - and over the course of their careers, accumulate wisdom that client communities both current and future can benefit from. In this clip, a quartet of management pros discus…

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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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