In the tough economic environment of the past few years, many condo owners have faced job losses, pay decreases or just financial uncertainty. Unfortunately, this sometimes leads to owners not paying their common charges. “Obv…
Tag: Real estate
2012 March
Q&A: Water World?
Q I've had a long existing leak in my full bathroom since the owners above me have moved in. It so happens that the owner's son runs a bath for as long as two hours at a time, blasting the water full force. Over time, this has caused d…
2011 October
NJ Confidential
This in an anxious time in which to sit on the board of directors. With defaults and foreclosures accounting for some 20 percent or more of the units at some condominiums, frustration among board and association members is off the char…
2011 October
Snowbirds in Flight
Birds in flight may be beautiful, but their departure sometimes leaves the nest unprotected. And when that nest is in a condominium community, property managers and boards must do their best to compensate. This region is full …
2011 June
No Time Like the Precedent
Condo, HOA, and co-op boards are generally made up of volunteers—and they're frequently a pretty diverse group. There’s the stay-at-home mom who’s looking to get involved with something beyond homework and housework. There’s also the youn…
2011 June
Q&A: No One to Run?
Q Our condo association's board consists of five members. Three seats are up for election in the fall. What are our options if we have no other condo owners willing to put their names on the ballot? —Concerned Condo Owner …
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…
2011 April
Q&A: Dealing with a Difficult Board?
Q I live in a co-op building in New Jersey with a seemingly tyrannical board that displays arrogance and disregards shareholders’ concerns. For example, the board appointed a shareholder of their choosing, to the vacant seat, stating to…
2011 March
Q&A: Freedom of Information?
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…
2011 February
The New Jersey Cooperator's Condo, HOA & Co-op Expo
The New Jersey Cooperator’s 2011 Condo, HOA & Co-op Expo is preparing to welcome the Garden State’s property managers, board members and unit owners to an event that is fast becoming the region’s premier trade show for community associat…