Condos and homeowner associations have made headlines over the years for passing all kinds of overreaching and downright silly rules and regulations—everything from forbidding the flying of the American flag to having prohibitions about han…
Tag: Housing cooperative
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…
Taking care of a condo or co-op building’s budget and finances is a big job. Handling such large sums of money is an important responsibility, and not every shareholder or unit owner has the expertise to do the job well. Sure, most people …
Communication is vital to running a successful condo or co-op building. So what happens when homeowners complain that board members are not listening, and—even worse —ignoring their complaints and problems? Well, you can bet it will …
The second half of the 2014-2015 legislative session in Trenton is underway, and—as always—housing is on the agenda, with a large number of housing-related bills up for consideration. Some are directly targeted at the state’s condos …
Q My question is this: can a cooperative board of directors require board members to be residents of the state of New Jersey? —Garden State State A “Co-ops are often governed by the same rules and procedures that apply to corpor…
Say you’re in bed, and you hear what sounds like the shower going. It's late, and you're tired, so you pay it no mind. You wake up at 4 a.m. to get a glass of water and find half the rooms in your apartment flooded— you forgot to turn the …
Homeowners associations and co-ops alike are governed by a set of specific documents that lay out the administrative structure of the community, its rules and regulations, and protocols for decision-making. The certificate of incorporation…
Q My property manager told me that the moisture meter in the hallway adjoining my bathroom has a high reading. There’s no visible damage on the wallpaper in the co-op hallway, there’s no visible damage, and there’s no leaks in the bathroo…
The 2014-15 legislative session in Trenton is underway, and as always, several housing-related bills are being debated or introduced. Some impact the state’s condos and HOAs as well as its relatively small number of co-ops. Others, while t…