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Category: Association Operations

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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Insurance Directors and Officers Liability D&O insurance application form.
2024 Summer Directors & Officers Insurance

At the heart of volunteerism is the notion of doing something for the common good. For many, choosing to live in a co-op or condo community is also choosing to volunteer for board service, helping to guide and govern the community they call…

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Finance Financial literacy and investment. Handbook of knowledge in money management. Stock market. A young man or businessman reading a financial manual.
2024 Summer Financial Literacy for Board Members

When a condo or co-op resident runs for a seat on their board, the decision to do so generally comes from a desire to ‘step up’ and participate in the governance of the place they call home, and the building or association community as a wh…

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Management Pile of junk in a house, hoarder room pile of household equipment needs clearing out storage
2024 May More Than a Mess

In a multifamily building, residents who compulsively collect and hoard items - whether it be old newspapers and magazines, canned goods, pets, or even garbage - pose a threat to the safety and health of their neighbors, as well as a liabil…

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Energy Conservation A hand holding money adjusting a thermostat on a wall.
2024 May Energy Recovery Ventilators

As the climate crisis accelerates, numerous, diverse technologies are being designed to battle the effects of heavily polluting, carbon-based energy sources like oil and gas. Many of these innovations are coming out of the heating, ventilat…

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Maintenance Laundry lint from the dryer on white
2024 May Liability, Responsibility…and Lint

On the long list of building-related issues that multifamily boards and residents have to be concerned about, dryer lint is not likely uppermost. A leaky roof? Definitely. A boiler on the fritz in mid-January? Absolutely. But dryer lint, no…

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Security Notice Keep Door Closed Sign. Open door. Vector stock illustration
2024 May Intruder Alert!

‘John’ (not his real name, in consideration of his and his neighbors’ privacy) has lived in co-op buildings for over 40 years, and in his particular co-op - a well-tended, 100% sold, mid-size building in Manhattan - for over two decades. Th…

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