Fresh from hoisting up the banking and automobile sectors, a newly muscular Uncle Sam is now turning his attention to putting the skids on the real estate meltdown. Earlier this year, the Obama Administration rolled out two ma…
Even in the best of economic times, preparing a condominium’s annual budget is a tiresome task, fraught with uncertainty, estimations and shifting numbers. Now, factor in one of the most challenging economic downturns in a cent…
Q I live in a 28-building garden apartment complex with 56 units per building—some of which are rent stabilized, others of which were sold as condos. The owner of the complex is now in jail in connection with his company’s fraudulent …
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 disc…
If you’re looking for a parable for the indomitable spirit of America, the story of Red Bank fits the bill. This now thriving New Jersey borough has a rich—but not always rosy—past. Before the Red Bank International Film Festiv…
The state of New Jersey licenses or certifies practitioners of a wide range of professions, from doctors and plumbers to beauticians and irrigation contractors. Is the management of community associations a profession that requires lic…
Those who handle the management of any kind of residential building deal with contractors and contracts regularly—but they aren’t the only ones who should know about the process. It’s not necessarily an arcane topic—whether the project i…
When you live in a community association, you must abide by the rules that have been set. After all, condominiums are like little municipal governments; they collect fees, maintain the commonly-owned properties and set and enforce rules…
Consider the (fictional) couple, Mr. and Mrs. Smith. They love their co-op apartment in a comfortable, convenient neighborhood in Hoboken, and have lived there for the last seven years, moving in when Mr. Smith took an editing job with…
Nearly every day, pieces of legislation are introduced, debated, or voted on—both in Trenton and in Washington—that impact the administration of New Jersey’s HOAs. Keeping track of what passes into law (and then must be complied with) is…