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…
Q My family is a shareholder of one of eight apartments in a small Brooklyn co-op. The apartment directly above ours was sublet to a family in 1997 that signed an agreement specified by the board of directors requiring the apartment to ha…
What happens when there is no quorum at a shareholders meeting and therefore there is no election for new board members? The same board has remained in my co-op for many, many years without a chance for us to vote them out. Isn't there a la…
My son-in-law inherited his father's co-op in Manhattan. For two years he's been paying the upkeep charges without being able to live there, yet has been refused "ownership" by the co-op board. He has a considerable amount of cash available…
Q Can a non-owner's spouse remain in a co-op apartment when the shareholder spouse vacates the marital residence but the parties remain husband and wife? —In Name Only A “The short answer to this inquiry is that it depends upon …
I am the president of a board of managers where a member of the board is also a realtor. He manages units in the condo and owns two of the units. Just wondering—is this a conflict of interest? —Brokering in Brooklyn “Clearly, there…
I teach real estate licensing and continuing education courses at New York University and Long Island University. My question is with regard to Form 86, co-op sublets. It is my understanding that New York State law allows a tenant named on …
Q For the past few years, the condominium board and management has consistently denied me my bylaw rights to audit and inspect the books of the condominium. What action can I take? —Righteous in Riverdale A “Most condominium byl…
The New York City rules for heating are confusing. For example, from 10:00 p.m. to 6:00 a.m., if the outdoor temperature is below 40 degrees, the indoor temperature must be at least 55 degrees. Taken literally, this means that if the outdoo…