Category: Q&A

Q. Since 2003, I have been a resident/owner of a condo in Riverdale. Last year, I became aware of the building’s eligibility for the NYC condo tax abatement program. No other owners in the building knew anything of the program. Most owner…

Q. I have been a shareholder for close to 20 years in a building that went co-op in the late 80s and whose bylaws and governance are still dictated in most part by the original offering plan/proprietary lease that was standard issue at th…

Q. I live in a co-op in the Riverdale section of the Bronx. The windows in the entire co-op are in bad need of replacement. We live right off the river and it can be extremely windy and cold. I inquired with management if window replaceme…

Q. The floor of our co-op garage is sinking, and needs to be repaired. Not only are sewage pipes below, but so are gas lines. No contractor wants to come here to fix the floor as they are afraid of an explosion. What legal entity do I con…

Q. The bylaws of [my co-op] currently charge utility costs—water, sewer, heat/AC, and electricity—to our shareholders on the basis of the number of shares each unit is assigned. The shares apportioned are variable depending on unit size, …

Q. We recently had to vote to remove our board president from his position, because he was taking small amounts of funds on a regular basis. He said it was all ‘petty cash reimbursements,’ but he never told the board or treasurer about ma…

Q. I have a question as a shareholder. Our Mitchell-Lama development in NYC is taking a needed bank loan to cover major repairs. There was no shareholders meeting or voting on this capital improvement. The board has not yet decided on how…

Q. The government has provided relief for renters of cooperatives. Is there any relief for cooperative shareholders? I’m told by the building manager that the relief fund provided was for management. How can everyone get help and not the …

Q. I have lived in a Mitchell-Lama co-op since 1992 and never received a copy of the complete house rules. I have been assaulted by a neighbor’s husband; he is not a tenant on record yet lives here and is a very dangerous person. Does the…

Q. I signed a contract at the end of November 2020. There was an increase in the maintenance in February 2021, so it’s likely they got notice of this in December. Unfortunately I wasn’t given notice of this $55 increase per month until th…