2018 – and the first half of 2019 – have been anything but dull, from the global level all the way down to co-op, condo and community association communities. While it’s somewhat beyond The New Jersey Cooperator’s scope to opine on geopolit…
Tag: Real estate
Who owns the handicapped parking spaces set aside in the parking facility of a newly constructed condominium? —Keeping it Accessible “Sponsors of newly constructed condominiums are responsible for creating the condominium as a lega…
Q I seem to be in the minority on the board upon which I am a director and chair of the finance committee, as I believe that, since shareholders are lessees/renters, and the corporation is the lessor/landlord, then the corporation should …
As the 2012 federal legislative fiasco over the debt ceiling—as well as any number of other spending bills proposed since then—demonstrated, balancing a budget can be like pulling teeth. Balancing a condo or HOA community's budget can some…
Due to sudden and unfortunate circumstances, one of our condo's board of directors had to start the foreclosure process on his unit. The board is not sure how to handle the situation—if there are any conflict of interests. Does he have to r…
Taking the Fifth Q My association's documents say that the board must consist of five total members. This past election, only four people ran and got elected. Does the new board then have to appoint another member? If they choose not to…
While a lot of the day-to-day business of running a condo building or HOA happens in the management office or on-site at the level of maintenance and staff management, meetings—board-only and resident alike—are the forum where important…
With warm weather on the horizon, the time has come for the sixth annual Condo, HOA & Co-op Expo sponsored by The New Jersey Cooperator.Everyone knows that managing or sitting on the board of a condo, HOA or co-op is certainly not an ea…
Working in groups can be a challenge. Working in groups when people’s homes—and possibly their life savings—are involved can be a far greater challenge. It’s one faced every day by those brave souls who volunteer to serve on their co-op …
Many co-op and condo owners want to get involved in their community but they soon find out that being on the board is no picnic. Soon neighbors are pestering them asking for feuds to be settled, decisions that affect all resident’s liv…