Along with big-ticket items like boilers, HVAC systems, and the like, residential buildings also have to purchase lots of little, everyday things like cleaning supplies, light bulbs, and paper products. Though not necessarily expensive i…
Imagine this scenario: you’re trying to purchase a co-op apartment, but also in the midst of a divorce. The board, concerned you may have to shoulder additional child support and alimony payments, fear that you might be unable to meet yo…
Boston, Massachusetts may seem worlds away from the serene Garden State, but the story of one embattled condo building there represents a dire cautionary tale for boards and managers everywhere. A couple of years ago, the residents …
New York co-op boards are notorious for scrutinizing prospective buyers with the intensity of federal investigators. The application and interview process can be lengthy and exhausting for someone looking to move into a cooperative. As s…
For the uninitiated, tax filing for something as complicated as a community association can seem a daunting task. Fortunately, there are multiple options for homeowners associations, and with a little background knowledge, you can take t…
Q My dad put my brother’s name on his co-op stock last year. But in the place where he lives you can only have two names on the stock certificate. I was wondering if something happens to my dad, can he leave his half of the stock to my…
Q Periodically, the board of directors of our condominium encounters a situation where water leaks intermittently from one apartment to the apartment directly beneath (and/or adjacent units). More often than not, this is due to water d…
On October 24, 2007, Governor Jon Corzine signed the Predatory Towing Prevention Act to prevent tow truck operators from “taking advantage of vulnerable citizens and holding their vehicles hostage for exorbitant fees.” On October 19, 200…
Recognizing that New Jersey has been spending its way into deficit for two decades, Governor Jon Corzine’s $33 billion proposed 2009 budget calls for numerous cuts to pare down expenditures. Cutting spending is the first step to getting …
On Wednesday, May 14th, The New Jersey Cooperator and parent company Yale Robbins, Inc. hosted the first-ever annual New Jersey Condo, HOA & Co-op Expo at the Meadowlands Exposition Center in Secaucus. Nearly 150 exhibitors lined th…