Q Our association has difficulty attracting people to run for the board, as I'm sure is a common problem. Would we be able to amend our bylaws to require unit owners to serve at least one term on the board? How can we go about doing tha…
Tag: Board of directors
Few volunteer jobs are as big and involving as serving as a board member for a co-op or condo. In some cases, it means helping to run a multimillion-dollar corporation in one’s spare time. It means managing the place one lives—along wit…
Many co-op and condo owners want to get involved in their community but they soon find out that being on the board is no picnic. Soon neighbors are pestering them asking for feuds to be settled, decisions that affect all resident’s liv…
Being elected to the board of directors of a condominium association or cooperative comes with a great deal of power, and with that power also comes a great deal of responsibility. Whether they serve a condominium association or cooper…
Q My question is about being elected to the board of a condo association in New Jersey. We have a building management company hired by our board. Can the management company executive be elected to the board? Does the executive have any …
It is one of life’s eternal questions: is it possible to have too much of a good thing? That question certainly can apply to the matter of long-serving board members, those individuals who get elected and re-elected term after term. And…
Q Is there a law allowing us to conduct a meeting without a quorum reached? We need more than 50 percent of the vote and certain shareholders refuse to attend meetings. We don't have a co-op board and cannot elect one. The old board mem…
One of the trickier problems to deal with when you live in a co-op or condo is dealing with board members who sometimes let the power go to their heads. Even though they are entrusted with a great deal of responsibility in the smooth r…
Money is a topic people are often skittish about discussing—especially when the discussion involves rising fees, or having to pay more money for something. When you’re a board member or the property manager of a condo building or residen…
Q Our annual meeting was conducted this past week during which three of the present board members were up for reelection—the president, treasurer (her fiancée) and a board member. All three were re-elected and a fourth elected since the…