Category: Q&A

Q  This question relates to vouchers. The management firm of our condo building will not let the unit owners see vouchers authorizing payments. They will only show us their internal ledger book. The Board of Managers does nothing to aid th…

Q   Until last year, our board was elected at the general meeting, with shareholder votes weighted by the number of shares they owned, and with these votes cast as one vote each for seven of the candidates (that being the total number of …

Q In our co-op association, we have new owners who have not registered their new certificates. Some have owned for a period as long as four years. Others have purchased as corporations and all it seems have children or parents living i…

Q I am the owner of an apartment in a co-op where I own about 9% of the outstanding shares. We are in the process of selling our apartment and were told that there would be about a 1% flip tax payable to the co-op after the sale. This fli…

“Two shareholders who were on the verge of moving out undertook a repair in their home on their own, not hiring a professionally licensed mason to conduct the repairs. They are now submitting a bill for personal reimbursement. The sharehold…

Q Our building recently put in a gym. One board member has made himself the spokesman for the gym and emails our 80 members directly with cheerful updates and information. I have said that all communications to shareholders should come th…

Q I am the president of a 25-unit condominium association in Suffolk County, N.Y. Our offering plan, declaration and bylaws all stipulate that the community is for single-family occupancy only. In the past, all owners have complied. One o…

I live in a New York City condo. There are a total of 204 apartments, 140 of which are privately owned and rented by their owners, and 64 which are occupied by their owners. My question is the following: Can 6 members of a board of 7 decide…

Our board of directors has not made a decision regarding a request for accommodation from a disabled senior shareholder. How can the rest of the shareholders separate ourselves should the board or the cooperative ever be sued or fined over …

Q I live in a condo community that is supposed to be represented by its board members and the board attorney but the two seemingly only serve themselves. In researching this board attorney, I am finding that he writes for several newslett…