Category: On The Board

If you think you can't make a difference, think again. One very important benefit of membership in local and national organizations for co-op and condo residents is that they get your voices heard by city, state and federal law makers. The …

Your co-op or condo is your home but it's also a business with vendors, contractors and a board of directors that sets guidelines affecting everyone. As in any business, there exists the potential for theft and fraud. While there are no …

The best-run co-ops and condos regularly update their house rules document, providing essential information to residents, the board and the professionals who work with the building, on everything from payment of arrears to installation of w…

Since it's a common belief that the best way to get something done is to give it to a busy person, it's often the busiest shareholders and unit owners that are elected to serve on the board. How do they find the time to add yet another resp…

Your roof terrace leaked and the neighbor below you sued for damages. Do you have any recourse? The heating system in your apartment failed to work and the managing agent sent you the bill for its repair. Do you have to pay? You bought a …

As the resale value and demand for cooperative apartments increase and the supply of available units decreases, purchasers are facing denials for admission to co-op buildings in record number. There was a time when many co-op boards concl…

Two weeks after Angel Agostino renewed her small insurance policy with Ron Tepperman, Inc., a base- ment fire caused her apartment to burn down and she lost everything. I got insurance because I thought the roof would leak, Agostino expla…

When it comes to decision-making in your building, attending meetings in person is always best. But should the need arise, shareholders and unit owners are permitted to vote in board elections and other matters of corporate governance by pr…

Maintaining authority over sales by estates has become a difficult challenge for co-op boards of directors. It is essential for co-ops to be reasonably assured that future maintenance payments will be made and that they will be able to c…

Sensible people routinely have life insurance, disability insurance, car insurance and homeowners insurance, but few think about getting marriage dissolution insurance or living together and breaking up insurance. Many individuals planni…