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Category: On The Board

Law & Legislation HDFC Co-op Real  Estate Tax Foreclosures
2018 October HDFC Co-op Real Estate Tax Foreclosures

When most New Yorkers think of co-op apartment buildings, they have a vision of a stately old Park Avenue prewar residence; a shining, modern glass tower on the Hudson waterfront; or even maybe a quaint duplex in brownstone Brooklyn. But th…

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Board Operations Board Culture
2018 October Board Culture

A condominium, cooperative or homeowners’ association is only as efficient as the elected board that oversees its day-to-day operations. Considering how difficult it can be to find time for family, leisure, and sleep amid work and assorted …

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Board Operations Working With Your Support Professionals
2018 October Working With Your Support Professionals

Attorneys and community association managers can be a godsend for the board of a co-op, condominium or HOA. Most boards consist of volunteers who usually have quite busy external lives themselves, so having an experienced professional on th…

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Board Operations Participation by Proxy
2018 October Participation by Proxy

If you live in a condominium, cooperative or HOA, you’re effectively acting as part of a participatory democracy run by an elected group of volunteers. And as with any democracy, those affected by the board’s decisions are encouraged to get…

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Board Operations Your Board’s Legal Obligations
2018 October Your Board’s Legal Obligations

The board of a condominium, cooperative or homeowners’ association has a fiduciary duty to make decisions in the best interest of the community as a whole. But individual board members may have different ideas as to what those decisions mig…

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Law & Legislation Common Legal Mistakes
Common Legal Mistakes

Most co-op, condo, and HOA board members are not legal professionals - they're volunteers who participate in the governance of their community out of a sense of duty and the desire to have a say in maintaining the value of their and their n…

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Board Member 101 Boards' Biggest Insurance Blunders
Boards' Biggest Insurance Blunders

Compared to rowdy annual meetings or catastrophic plumbing leaks, insurance may not seem like the most exciting aspect of serving on one's co-op or condo board. But neglect it at your peril! Mishandling claims - whether deliberately or acci…

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