Q My wife and I own the shares for our co-op apartment jointly. We wish to establish a revocable living trust for our assets and the apartment. Our co-op board is unwilling to make the transfer to the trust. How can we convince the boar…
Category: Q&A
Q “I know you probably get tons of questions—I have combed through your site and am looking for information regarding the rights of shareholders to see books. Our managing agent and board are refusing to allow viewing of anything but mi…
Q “My mother and I jointly own her co-op apartment. She is 90 years old and still lives in the co-op. If it becomes a necessity for her to need homecare and possibly go on Medicaid, what would happen to the co-op after she passes? Will M…
Q I own a cooperative apartment in Brooklyn and I’m hoping you could offer an opinion on a plumbing issue. In my bathroom I have two water valves protruding from the wall that control the hot and cold water flow to the sink and the tub.…
Q I am a shareholder in a newly formed co-op in Harlem. About six or eight months ago, the super was fired and a new one was hired. The fired super still lives in his apartment (provided by the co-op) and has filed a discrimination l…
Q A board member had dormers installed in his apartment which required a permit by the New York City Department of Buildings (DOB). As the project was ending, he told the architect he did not want to do what was necessary to have the DO…
Q I serve on the board of a Brooklyn co-op which is only 52 percent shareholder owned. Shareholders now have the simple majority on the board. Our sponsor owns the management company (which is non-responsive), has a relationship with ou…
Q I am a co-op owner. A renovation plan for my apartment was approved by the building, the board and the city. Con Edison added a new power line to the building at no cost because the building was at its capacity for the existing electr…
Q Is it ethical for board members or immediate family members to choose to do a job that would normally be something the community would get together to do for free (i.e. spreading out mulch in the park, pressure-washing the gazebo or …
hroom sink. But he did so by taking it from our SCRIE-DRIE-STAR credit checks from the New York City Department of Finance. According to our bylaws and proprietary lease, he is not supposed to charge for this service. What can I do about…