Q. My question is about an irrevocable trust I have set up. I would like to put my co-op into the trust. I have paid the co-op’s attorney $700 and submitted appropriate papers. Now the management says first I need to pay them $625 to comp…
Category: Q&A
Q. When the board of a New York City Mitchell-Lama co-op requires the shareholders to purchase homeowners’ insurance, does the resolution, if passed, becomes part of the building’s house rules? If there are no city-approved house rules, …
Q. At a regular monthly meeting of a seven-member HOA board where four members present constitute a quorum, can one of the absent members give her proxy to one of the four attending members to vote on specific issues on the board’s agenda…
Q. We are shareholders and residents in a co-op in Westchester. The building provides underground parking for a fee. These cars are handled by a contracted valet parking service, who are careless to say the least. For a small increase in …
Q. I was recently made aware that a sex offender moved into my building. He moved into his girlfriend’s apartment. I made the board aware of this—even gave them a printout from criminal justice. We have a lot of children living in our com…
Q. Can an association change the owner’s right to rent out his condo? —Tenant Who Needs a Briefing A. “Typically, a condominium board has a right of first refusal on a sale or lease of a condominium unit,” says attorney…
Q. I purchased my condo unit in 2005 with amenities, including 24-hour security, two pools, a parking lot, and a children’s playground. This past summer, our board destroyed the children’s playground and made their additional parking spac…
Q. We had some gutter and minor roof repairs scheduled.The budget is tight for some other reasons and the president stated that her husband was qualified and would do the work for free. He is not licensed or insured and will be working on…
Q. Can you tell me if it is legal for a co-op board to turn down the sale of a unit because they think the selling price is too low? The appraisal from a well-known real estate appraiser was much lower than the contract price. However, th…
Q. If a couple is married, but only one of their names appears on the lease, are they both still considered shareholders? Do they both have voting rights? On a related note, according to the bylaws of my building: “nominations for direc…