Category: Q&A

Q&A Q&A: Equating Co-op Shares with Apartment Sizes?
2008 Dec Q&A: Equating Co-op Shares with Apartment Sizes?

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…

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Q&A Q&A: Shareholders in Arrears
2008 Nov Q&A: Shareholders in Arrears

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 …

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Q&A Q&A: Community Not as Advertised
2008 Nov Q&A: Community Not as Advertised

Q I purchased a home that was incorporated per the public offering statement as an age-55-restricted and gated adult community. It currently is neither an age-restricted community (as stipulated in the federal law), nor a gated community,…

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Q&A Q&A: Unfair Access Card Systems
2008 Nov Q&A: Unfair Access Card Systems

Q I live in an adult community that is putting in a new card access system. Our community allows 19-year-olds and above to live here also. The board is going to be allowing two access cards per home, then the homeowner must purchase cards…

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Q&A Q&A: Board Operations and Overspending
2008 Oct Q&A: Board Operations and Overspending

Q We are an adult community consisting of a complex of three separate buildings. Ten directors make up the officers and manage the community with each individual condo building managed by three trustees. The community has no Alternativ…

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Q&A Q&A: Resolving Municipal Ordinance Conflict
2008 Sept Q&A: Resolving Municipal Ordinance Conflict

Q Prior to 1995, all common expenses for our condo association were charged equally to all unit owners, as mandated by our master deed and the New Jersey Condominium Act. Since 1995, that portion of our condo association’s common expenses…

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Q&A Q&A: Removing Old Telephone Wires?
2008 Sept Q&A: Removing Old Telephone Wires?

Q I am a condo owner living next to a building that is primarily rental units. There is a telephone pole in the back corner of the condo property and there are about a dozen wires coming from it to the neighboring building. Being that the…

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Q&A Q&A: Copies of Annual Meeting Minutes
2008 Sept Q&A: Copies of Annual Meeting Minutes

Q Are shareholders entitled to a copy of the minutes of their annual meetings for their records? —Conscientious Shareholder “Shareholders are entitled only to access in order to inspect the minutes of the meetings, [but] physica…

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Q&A Q&A: Board Member Owes Maintenance
2008 Sept Q&A: Board Member Owes Maintenance

Q I’m on the board of my 15-unit condo. One of our long-time board members has been behind on his maintenance payments for nearly two years, and now owes the building almost $7,000 in arrears. About 18 months ago, the board attempted to s…

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Q&A Q&A: Stopping the Noise
2008 Aug Q&A: Stopping the Noise

Q I have a neighbor whose door is just across from mine and whenever she enters her apartment, she closes her door with a very loud bang. Sometimes, I am asleep and I wake up and can’t go back to sleep. This has been going on for years…

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