Good information and clear communication are crucial for anyone involved with the administration of a cooperative condominium or homeowners association—crucial not just to thriving, but surviving in today's challenging economic times. F…
Q Recently our board gave us a financial statement that, in my opinion, simply didn't add up. A friend of mine went to the town and school district to get the proper numbers and we found out that we were “not” given the correct infor…
Q Recently our board gave us a financial statement that, in my opinion, simply didn't add up. A friend of mine went to the town and school district to get the proper numbers and we found out that we were “not” given the correct infor…
The concept of "condominium living" has changed quite a bit since the term was first coined a generation ago. Since the 1960s and ‘70s, when condominium home ownership became a widely available, viable alternative to single-fa…
Q A resident, married to a shareholder, wants to run for the board. She is not on the purchase agreement. Can she legally become a member of the board if she is not a legal owner of shares in the co-op? --Not Above Board …
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…
As the leaders of their community and guardians of their residents' investment and quality of life, HOA board members have a lot of responsibility, and access to a great deal of personal—sometimes sensitive—information about their neighbo…
The current recession has impacted New Jersey's condo and HOA communities in many profound ways. Boards and managers have been forced to address the challenge posed by multiple units in arrears, bank foreclosures, and projects put on i…
One of the most important things to understand as a member of a condo or HOA is how responsibility for maintaining and repairing various building systems is divided between individual unit owners and the association at large. …
Q I have been a shareholder and board member in my building for the past 20 years. A year ago, a new shareholder with two small children moved in above me, and since then noise has been a constant, serious problem as the kids’ room i…