Management Text Fiduciary Duty on notepad in front of an office desk
2024 Fall Fiduciary Duty Explained

As members of co-op corporations and condominium associations, we often hear the term fiduciary duty bandied about.  But what does it really mean to be a fiduciary? Stated simply, the term ‘fiduciary’ means trust. When a person managing the…

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Management New rules alarm message on a wooden desk in a bright indoor environment
2024 Fall Amending Bylaws and House Rules

A community’s governing documents, including its bylaws and house rules, are like a country’s constitution and laws. They are—or at least they should be—‘living’ documents that, like our state and national laws and constitution, occasionall…

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Daughter and her husband meets happy mother at threshold
2024 Summer AARP Seeking Survey Participants

AARP is conducting a survey about vital housing options like accessory dwelling units (ADUs) in your community. An ADU is an independent, permanent residential unit, containing a living area, kitchen, and bathroom, built on the same lot…

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Real Estate Trends Photo collage of apartment before and after restoration or refurbishment. Comparison of old room and new kitchen with parquet floor, doorway, kitchen counter and white walls. Home renovation concept.
2024 Summer Who's Spending on Home Improvements?

Construction industry research publisher Construction Coverage just released the 2024 edition of its Home Improvement Spending Report , with some interesting data specific to the New York-Newark-Jersey City metro. Key Findings for the…

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Buying & Selling Project tracking, goal tracker, task completion or checklist to remind project progress concept, businessman project manager holding big pencil to check completed tasks in project management timeline.
2024 Summer Buyer Beware

When buying an apartment, be it a condo or a co-op, among the soundest advice for any purchaser is caveat emptor - buyer beware. In most buildings (especially older ones), it’s inevitable that there will be occasional and sometimes leng…

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Law & Legislation Polly Wanna Lawsuit?
2024 Summer Polly Wanna Lawsuit?

In a recent decision, a New York City co-op was ordered to pay $165,000 to a shareholder over the board’s refusal to allow her to keep her ‘emotional support parrots’ - a judgment the U.S. Attorney for the Southern District of New York …

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Q&A Woman lips whispering in mans ear with speech bubble. Pop Art style, comic book illustration. Secrets and gossip concept. Vector.
2024 Summer Q&A: Private Number?

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?             …

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