For decades, the due diligence required for real estate transactions has fallen more to the seller than the buyer. Would the buyer qualify for the purchase? Would they pass the board interview? Co-op owners wishing to sell their units often…
The global condo and high-rise apartment community has been reeling since the catastrophic collapse of a part of the Champlain Towers building in Surfside, Florida, in June 2021. Officials and professionals from all over the world have been…
On Tuesday, October 26, 2021 , thousands of board members, managers, building owners, and condo, HOA, and co-op residents will gather at the Meadowlands Exposition Center in Secaucus from 10:00 a.m. to 4:00 p.m. for the return of the i…
Well into the second summer of COVID, owners and residents of New Jersey condos and HOAs are reporting that their boards have chosen to keep community pools closed this season—and those that have opened usually did so later in the season, w…
Q. My HOA found garbage dumped on the front of our street—and since they didn’t know who did it, decided to fine everyone on the street. Problem is that during that time period, the HOA had numerous unsupervised contractors working with d…
Q. In a board meeting, the owner of the management company told the board that I fired the plumbing company. The owner of the plumbing company asked for my name and phone number and the manager gave it to him. Is this legal? …
The vast majority of co-op and condominium boards are well intentioned and work diligently with their management and accountants to draft and monitor their annual budgets—and recalibrate them as necessary. Despite their best efforts to keep…
Condos and co-ops are unique in their management structure, of which there are two levels: the board of the association or corporation, which governs the community on behalf of the unit owners or shareholders, and a hired management agent, …
While many condominium associations and co-op corporations hire professional property managers or management firms to handle the routine (and not-so-routine) tasks involved in running a multifamily building or HOA, a significant number take…
Even as businesses, schools, and even entire economies shut down at the start of the coronavirus pandemic last year, the task of running residential buildings and communities never ceased. In fact, it could even be argued that as people wer…