Most of the time, condo and HOA residents live in harmony with (or in relative ignorance of) their association’s rules and regulations. It’s not until conflict arises that people begin to examine and familiarize themselves with the laws…
Q “Do co-op shareholders have any rights when it comes to the selection of a management company for their building? And if they can’t directly choose which company will manage their co-op, can they attend the interviews with the potenti…
Q I reside and own shares in a co-op in Edison, New Jersey, which is experiencing many problems, including serious maintenance issues, due in part to poor service on the behalf of the current management company. A group of res…
Q I live in a co-op with 41 units in Ocean City, New Jersey, and would be interested in knowing what the New Jersey co-op law is in regards to the number of shares that are proportionate to the size of the apartment occupied. Presently, t…
Q I am a condo board member and we are dealing with a shareholder who is consistently behind in his arrears. We are considering filing a lien against the delinquent owner and foreclosing. Is this our best course of action? —Concerned …
Conventional wisdom holds that if you have to have neighbors, you’re better off living next door to owners than renters. By definition, owners have a stake in their building, and are supposedly better neighbors. They are cleaner, quiete…
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…
New York co-op boards are notorious for scrutinizing prospective buyers with the intensity of federal investigators. The application and interview process can be lengthy and exhausting for someone looking to move into a cooperative. As s…
Every community needs an established set of rules and regulations for the organization to function properly and the residents to live in harmony with one another. HOAs are no exception. The rules and regulations of a condominium communit…
Although the position generally offers zero compensation aside from the satisfaction of a job well done, association board members are still in charge of running a business—a business with revenues, expenses, and assets that, depending on t…