A Bergen County, New Jersey jury in November rendered a $1.3 million dollar verdict against a cooperative corporation and its management company for failing to remediate a longstanding water problem that led to mold growth and expos…
Tag: Housing cooperative
Maria and her husband Jim own a suburban condo, but are moving out of the area because of Jim's new job. The couple love their home however, and are hoping one day that they will relocate back to the area. Alex loves his two-bedroom urba…
Q Certain owners in our building keep some personal belongings (i.e. bikes, baby strollers, skates) in the hallways next to their apartments. Sometimes we have to squeeze by their hallway clutter to get to our own units. Is there any l…
Q Is there any legislation in New Jersey concerning “delegate voting” in common interest communities? If so, why was the legislation enacted? What is the distinction between “delegate voting” and “voting by proxy?” —Cur…
On January 25, 2007, the Appellate Division struck down key provisions of the regulations of the Council on Affordable Housing (COAH) limiting municipal fair share housing obligations for the period from 1999 to 2014 (often referred to a…
For many New Jersey co-op shareholders and condo unit owners, the question of subletting their apartment can be one of simple convenience, or major necessity. Perhaps they've been given an extended out-of-town work assignment and need so…
While there are many similarities between co-ops and condos, are the two very different when it comes to things like insurance and liability? The answer is both yes and no. There are similarities, but some significant differences as…
Prices of most co-ops and condominiums in the New York metropolitan area—which nowadays extends as far west as eastern Pennsylvania and as far south as the lower Jersey shore—have reached stratospheric proportions. In once-blighted urban…
While a condominium owner owns his unit, and a shareholder in a cooperative owns shares of a corporation, there are a lot of aspects of their living situations that they can't control. If the elevator doesn't work, or the grass isn't bei…
As construction and home ownership continue to be a growth industry in New Jersey, one issue that will be faced by more and more HOA members is the transfer of power from community developers and sponsors to the new homeowners who w…