Category: Q&A

Q I have a few questions that I would like to post: 1) Is it true that the board can deny my refinancing application and not provide a reason? What are my rights? How can I fight this? 2) Can the board sue me for writing an open letter to…

My association's documents say that the board must consist of five total members. This past election, only four people ran and got elected. Does the new board then have to appoint another member? If they choose not to for some reason, can a…

Q Who owns the handicapped parking spaces set aside in the parking facility of a newly constructed condominium? —Keeping it Accessible in Kings County A “Sponsors of newly constructed condominiums are responsible for creating th…

My association's documents say that the board must consist of five total members. This past election, only four people ran and got elected. Does the new board then have to appoint another member? If they choose not to for some reason—can an…

Q “We live in a condominium development of 130 units. One investor own 48 of these units. He’s taken two seats on the board since 1986. No one votes for him, I suspect he always votes for himself and gets on the board. Can this be possibl…

“If I want to buy a co-op do I have a right to see the board meeting minutes so that I might see if any major repairs have been recently completed on the building or are scheduled to begin.” —Buyer Beware “The simple answer is NO!”…

Q “I have requested to see financial statements, general detail ledger reports and the current cooperative budget. The board and its attorney claim that I have no right to see these documents. Are they correct?” —Fiscally Concerned …

Q Can original co-op owners' rights to sublet their apartment be changed by a board resolution which refers to the BCL Section 501(c)? It seems that the appellate division of the Supreme Court of New York has ruled that section 501 (c) pr…

My stove failed to work. I called in the maintenance person in my building. He said that the shut off valve is useless. He will have to turn off the gas elsewhere. I bought a new stove from P.C. Richards. The technician told me that the pre…

Q On the stock certificate for our co-op, it just lists “John & Jane Smith.” Does that mean we own it “tenants by entirety” or “tenants in common?” If we want “tenants by entirety,” do we need to have it re-issued to state so? —Stockin…