Category: Q&A

Q Last year, I bought a brand new condo from a builder in Brooklyn. The disaster started from the first day I moved in. After I remodeled and thought that I could enjoy it, I found that there isn’t any insulation between the walls, f…

Q I own a co-op unit in Jackson Heights, and recently I asked to get a copy of my building’s insurance policy. The board’s management told me that they only give this information out when an owner is buying, selling or refinancing—no…

Q Our co-op has a question about our various insurance policies. Our insurance agent has recommended to the board that we keep our D&O coverage separate from our general liability coverage. I understand that some commercial general l…

Q I am three months behind in my homeowner’s association payments. Can the condominium foreclose on my unit? My mortgage payments are up to date, and I called my lender who said, ‘no, they cannot foreclose.’ What do you say? I wrote a…

Q Do co-op shareholders have any rights when it comes to the selection of a management company for their building? And if they can’t directly choose which company will manage their co-op, can they attend the interviews with the poten…

Q Can the president of the co-op board be in business with the managing agent company’s owner without divulging it to the shareholders or other board members? The board members were recently notified that the owner is one of the boar…

Q Our management company just changed hands. The building records were shipped to the co-op, placed in a room across from the laundry and the rumor is that only the superintendent has the key. The other night when the new manager cam…

Q The board of our HDFC co-op is not fulfilling the needs of the building or maintaining its upkeep. The building structure is deteriorating, and the intercom system has not been working for over a year. Since the death of our last …

Q I’ve lived in my Manhattan co-op for nearly 20 years. We elected a new board  president a little over a year ago, and in that short time our board has raised  the monthly maintenance three times. Can a board just keep raising our  ma…

Q My question concerns the various forms of compensation our building’s super receives and the shareholders’ right to know the exact sum of his monthly income, as an exact cost to the building. Our super has a fixed salary, which is di…