Category: Q&A

Q Are shareholders in co-ops entitled to know the names, addresses, phone numbers or other contact information for their fellow shareholders? —Inquiring Shareholder A “The simple answer to the question here is, yes. S…

Q I am a new member to the board of directors for my condo association. We are currently working on the upcoming year’s budget. Could you please provide me some insight into the following question: is it customary the condo association …

Q The board of managers of our upstate condo issued a ruling that any unit owner who is behind in payment of common charges cannot vote at the annual meeting. Our bylaws only say that each unit owner is entitled to one vote. No menti…

Q I live in a building in New York City that is currently operated as a rental. It’s in terrible shape. Many of my fellow tenants and I have considered the co-op route. How does one go about this? —Going Co-op A “I th…

Q As a board member of an Upper West Side Building, we have grappled with the notion of washing machines in apartments. Those that have them may keep them and update them. Those that do not already have washing machines cannot install …

Q I live in a condo with indoor parking facilities. The board recently sent a notice informing residents with current parking that the identity of each vehicle would be kept in order to ensure that owners do now allow unauthorized u…

Q Our board is thinking of instituting move-in fees. What is a fair move-in fee? How could we implement this policy without a shareholder vote? What could we do with the money we collect? Could it go into the reserve fund or would it ha…

Q I am a shareholder at a co-op. A radiator (which is located in my wall) was leaking water to the apartment below. I was not aware of it. The super came and fixed a valve and replaced the radiator (which had a hole in it) with a new o…

  Q What happens if board members consistently miss meetings, or don’t attend, messing up the voting process for a board? What recourse do we have?        —Attentive Board Member A “Removal of a member of the board of…

Q I’m a shareholder in a co-op in Park Slope. The board has summarily decided that we no longer require a full-time, live-in superintendent. When I served on the board several years ago, I understood that a building had to have a partic…