One of the most distressing issues confronting board members is how to comply with their fiduciary duty to shareholders and unit owners. Although misconceptions abound as to the precise nature and scope of this obligation, a breach of the f…
1995 Dec/Jan
Focus on... Building-Wide Finacial Strategies
If there's a garage in your build-ing, chances are it's not being used to its fullest potential. Security cameras and gates, welcoming signs, and preferred treatment for residents are a few of the enhancements that can help improve your b…
If winter's here, can spring be far behind? This old adage is particularly meaningful in relation to the annual ritual which takes place among cooperative housing corporations each spring: The Annual Shareholders Meeting. Even though the gr…
If you've been apartment shopping, you may think you know everything there is to know about the unit you've got your eye on. The price is right, the space is in excellent shape and there's room to spare. Generally, you get a good feeling …
There is some good news for cooperatives and condo-miniums that feel they have suffered because of the alleged bribery, extortion, kickbacks and other corrupt acts of some real estate managers and management companies. Insurance may cover…