Category: Q&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…

Q I am a member on the board of directors of a co-op in Nassau County, New York. We are experiencing a problem with a shareholder, who we believe regularly smokes “pot” and also entertains fellow smokers in his apartment. The odor pe…

Q Our cooperative board has approved a buyer for one of our units. The seller and  prospective buyer have already gone to contract. There are presently a number  of board members who have second thoughts about approving the buyer and w…

Q “A number of shareholders have raised questions about the management of the our co-op corporation. The board has been largely in place for 10 years, the managing agent for 20, and the board retains an attorney, who also served the …

Q “I am newly elected to the board of a small (32-unit), self-managed condominium, where traditionally there has been little transparency between the board of trustees and the unit owners. I have asked the board president several tim…