It's a truism that's been phrased many ways by many wise people: “A lack of transparency results in distrust and a deep sense of insecurity.” That's the case in any number of situations, but it's especially applicable to the administration …
Tag: Corporate governance
Co-op and condo board members are charged with the all-important responsibility to make critical policy decisions that ensure the building, the property, and their neighbors' interests are cared for and protected. It's a job that requires l…
When it comes to the subject of meetings—specifically monthly board meetings or annual unit owner meetings in condos, co-ops, and HOAs—there seem to be no neutral opinions. A few folks actually like these exchanges, but most dread them. …
Much like corporations and charity organizations, condos, co-ops and HOAs across the nation are helmed by groups of residents who volunteer to serve their communities, and who are elected to their post by their neighbors. This is of course…
A key to success and functionality in any relationship is clear, consistent communication. In a residential community, part of achieving functionality is managing the information in the governing documents and records which detail the …
There certainly is no shortage of co-op and condo management companies in New Jersey. And since there are hundreds of management companies vying for your attention and your business regardless of the size of your condo or HOA, it can b…
Disorganized and poorly-run board meetings are time-wasters that can make even the most ardent board member cringe at the thought of an upcoming session. On the flip side, a well-run board meeting can be a productive hour or two or thr…
When it comes to running board elections in a condo or co-op community, the biggest concern among those involved is making sure the elections are fair and balanced and nobody has a reason to cry foul. Elections can be heated as it is, …
Managing a condominium or cooperative building would be a piece of cake… if weren’t for all those people. The bricks and mortar is easy. Sending out bills, contracting building repairs, filing papers, commissioning and preparin…
A co-op or condo community’s annual meeting is just business, though these gatherings can sometimes be the site of personal acrimony, or feuding between residents. But annual meetings needn’t be a source of friction, and can serve as a …