Co-op and condo board members are usually volunteers who give of their time and expertise to help make sure their building or HOA is well-run and their investment protected. In a perfect world, new board members are architecture graduat…
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…
Q It has recently come to our attention, not through the board as yet, that our president and board of directors allowed a telecommunications company to come into the building and drill holes to install fiber optic TV service withou…
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…
No matter what the profession or position, it’s difficult to work where you live. For condo and HOA board members, that can certainly be the case. These volunteers must make decisions that impact not only the bottom line, but their frie…
Every co-op or condo has rules and regulations that have been put in place to define the board’s authority and limitations of power, as well as outline the rules for the community, residents or shareholders. And although the governing d…
When it comes to running a building or community association, all board members are not created equal—at least not when it comes to administrative ability and skill. Some bring experience in construction or backgrounds in law, finance, …
During the day, J.R. “Sankarasivam” Jeyaranjan works 40 hours a week as a bank risk manager. At night and on weekends, and during pretty much any spare time he has, Jeyaranjan is president of his Jersey City co-op’s board of directors, …
Reality television has made an industry out of putting people in challenging or high-stress situations, sitting back, and letting the “unscripted” drama play out. Shows like “The Apprentice” and “Survivor” drew weekly audiences of millio…
Q Are shareholders entitled to a copy of the minutes of their annual meetings for their records? —Conscientious Shareholder “Shareholders are entitled only to access in order to inspect the minutes of the meetings, [but] physica…