As a condo owner, you’ve got a gripe. Whether it’s about Mrs. Smith’s poodle barking all day, the neighbor’s teenaged son, who blasts his heavy metal music full-volume when his parents aren’t home, or a long-coveted parking space that ha…
Tag: Corporate governance
That being said, there are times when information can and should be more tightly controlled, and when non-board shareholders actually don't have the legal right to certain information. Knowing when to include and when to exclud…
Q I have a question about two family members being on the board of trustees. Is that OK or against some rule or law? —Curious Stakeholder A “There is no law which prohibits two family members from serving on…
When it comes to stories about board members pushing their own pet projects, stalling meetings, and generally gumming up their HOA’s administrative works for selfish reasons, most property mangers have one or two doozies. Cons…
It’s an oft-repeated mantra when it comes to condo and HOA management: no two boards are ever the same. Each is—or should be—a reflection of the community it serves, and each is made up of a unique blend of personalities, skill sets, an…
Q I reside and own shares in a co-op in Edison, New Jersey, which is experiencing many problems, including serious maintenance issues, due in part to poor service on the behalf of the current management company. A group of res…
Q I am the president of a co-op. We had a full time employee as our property manager. I stress the words: full time. My predecessor had a son, who was allowed to go into business with our full time manager. Their company was a building ma…
When Bob Madison, a unit owner on the Upper West Side of Manhattan, tried to contact a board member to talk to them about an ongoing problem he had in the building, he was told "board members don't give out their e-mail addresses." He wa…
Q I’m a board member of my condo. We have one member of the board who is a real estate broker. He brought an issue to our attention. Our condo is an owner of a very small piece of land that is adjacent to another building near ours. The…
Your property management company is the custodian of your development. It is the job of your managing agent to handle your HOA's finances, keep track of contractors and vendors, and pay bills. But what happens if the company you hired to do…