Tag: Housing cooperative

Insurance Rookies No More
2012 August Rookies No More

 Remember your first day at a new school? Most likely, you didn’t know a soul, had no idea what the students were learning and you probably felt  nervous, intimidated or maybe even afraid. In most cases, this is what it’s like to be a new …

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Q&A Q&A: Paid Parking Problems
2012 July Q&A: Paid Parking Problems

Q I am a shareholder in a cooperative of 121 units and 152 parking spaces. My  question concerns the rightful use and maintenance of community property. Every  shareholder is entitled one parking space at a fee of $20 per month. The  addi…

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Management Keeping it Zen
2011 November Keeping it Zen

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…

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Board Operations Annual Meetings Can Build Community
2011 October Annual Meetings Can Build Community

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 …

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Finance Creative Financing for Your Co-op or Condo
2011 October Creative Financing for Your Co-op or Condo

The main source of any condo or co-op’s revenue comes from monthly maintenance fees. That seems self-evident. But sometimes a building or development may suddenly need to undergo emergency repairs or fund large capital improvem…

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Q&A Q&A: Legality of a Credit Check
2011 September Q&A: Legality of a Credit Check

Q Our sale is being blocked by a condo association application wanting our social security numbers to run credit checks. We will not release that information. It is not in their bylaws or documents recorded with the county. Do they have…

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Q&A Q&A: What Goes on at an Open Meeting?
2011 August Q&A: What Goes on at an Open Meeting?

Q I wonder what your take is on open meetings. Are all shareholders and unit owners invited to attend? Are they allowed to make comments? Are they allowed to attend the entire meeting? Is there some portion of the meeting that relates t…

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Law & Legislation The Paper Trail
2011 June The Paper Trail

 Remember that thick stack of documents you received when you bought your condo  or co-op? If you're like most people, they're probably sitting in a drawer or  in the back of your filing cabinet, communing with the dust bunnies, largely  f…

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Q&A Q&A: Inheritance of a Joint Co-op
2011 June Q&A: Inheritance of a Joint Co-op

Q My parents were the owners of a cooperative apartment. My mother and father were both listed on the membership certificate. However, my parents divorced in 1993 but the membership certificate remained in both names. My mother died ear…

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Q&A Q&A: Obtaining a Shareholder's List
2011 June Q&A: Obtaining a Shareholder's List

Q A bunch of shareholders have been trying to get a copy of the shareholders list  for a number of different reasons but have been denied by the Board of  Directors every time. I have looked online and have called numerous state  agencies…

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