Category: Q&A

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…

We have a co-op building with 47 apartments. The original sponsor (say Owner A) established the co-op long ago. In 2012, he sold his ten apartments to Person B, then B sold them to C in 2013. As per the offering plan, Owner A is a sponsor. …

Q At the time, I purchased my 3-room apartment in January, 2014, my proprietary lease indicated that I have 157 shares, and that I have no garage. No other information was provided at the time concerning what was covered by the 157 shares…

Q I own a co-op apartment that I rent. I am in compliance with the proprietary lease regarding renting the apartment. When I rented the apartment, I was told by the board that there is a 75% maintenance surcharge on rentals. I never quest…