Q I belong to a small self-managed condo of six units. However, there are 2 serious concerns: 1) Recently, I discovered that two of the board members used fund money to repair their boilers so they could pass inspection. They led us to…
Tag: Corporate law
Q What happens when there is no quorum at a shareholders meeting and therefore there is no election for new board members? The same board has remained in my condo for many, many years without a chance for us to vote them out. Isn't the…
To be an informed board member is the goal. For both new and seasoned members, however, there are countless challenging topics requiring specific knowledge. With new regulations and legislation on tap, it is imperative that board membe…
Co-ops and condos function thanks to the dedication of board members who volunteer their time and expertise to make sure their building or HOA is efficiently run and that their investment is protected. Ideally, new board members might …
Q Our condo association's board consists of five members. Three seats are up for election in the fall. What are our options if we have no other condo owners willing to put their names on the ballot? —Concerned Condo Owner …
Getting elected to the board of one's co-op or condo building is usually a very positive thing: it gives a person the chance to play a part in the preservation of their community, and also gives them the opportunity to leave it in bette…
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…
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…
Board members find themselves acting as referees so often, some may feel like they're wearing black-and-white striped shirts. Maybe they're mired in the middle of a conflict between homeowners because one group of gardening enthusiasts…
Q We have a condo board which allegedly ignores, breaks, and applies bylaws inconsistently. They also make up bylaws, have not monitored our insurance policies for at least two years and have not taken action on a couple of safety i…