Category: On The Board

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…

The relationship between boards and management is, by its very nature, a deep and complex one. The two sides rely upon one another to ensure the smooth oversight of their co-op and condo communities. Both are dedicated to doing everyth…

 Many co-ops in New York lease, rather than own, the land beneath their apartment  building. For the board of a leasehold co-op, navigating a contested land valuation, in  which the amount of the co-op’s ground rent is determined through a…

Despite some admissions of error from the city, and a temporary cap on increases in assessed valuations, co-op officers and elected officials from Eastern Queens who in recent weeks have declared a “tax revolt” aren’t backing down. …

 You may live in the most well-run and self-sufficient building in the city, but  even in Gotham, no building is an island. Developments from Penn South in  Manhattan to Co-op City in the Bronx to the small six-story condo building in  the…

 In the course of human events, it's almost inevitable that somewhere, at some  point, tempers will flare and someone will say something awful about someone  else. It can happen after the PTA meeting, in the gym, at the office...even in  o…

 As gasoline prices rise with increasing summer demand, building administrators'  attention has turned sharply to the cost of energy, and ways to trim fat from  their overall energy budgets.    Yet for the nation’s nearly 60 million…

 As the directors of a cooperative corporation, co-op board members have a number  of duties to their shareholders, chief among them to preserve and improve their  investment and to maintain and/or improve shareholders’ standard of living …

 Co-op and condo boards are made up of resident volunteers who want to serve  their building communities and have a hand in its governance. While some board  members actually make their living as attorneys and have a working knowledge of  …

 With homeownership comes great responsibility. For co-op and condo residents,  part of that responsibility means sorting through the seemingly mile-high  stacks of documents handed to you before, during and after the purchase process  beg…