Category: Association Operations

In New York City, many co-ops and condos use a practice called a "flip tax" in order to boost building revenue. A flip tax is a fee paid either by the purchaser or seller that goes back to the co-op or condo each time an apartment is sol…

It's a profound story of how reserve funds can go seriously awry—within months of buying an apartment in a new New York City building, David and all his new neighbors were informed that they would have to contribute out-of-pocket to help…

With summer fast approaching, no other amenity in a residential community is enjoyed more than the community swimming pool. From the community's perspective, a swimming pool can add to the value of the residences and attract prospective …

Recreation spaces such as tennis courts or basketball courts are always a welcome addition to any community, and the community associations that already possess these amenities understand the value they represent to homeowners. Though it…

There was a time when everyone knew their neighbors and you could trust letting your kids out in the neighborhood. There was a strong sense of community, and neighbors looked out for each other. But over the past few decades, people have…

Consider this scenario: You just found the perfect home for your family—equipped with beautifully manicured lawns and a great community of people. Unfortunately, the association bylaws state that your children can't play hockey with thei…

The sound of children playing outside is one of the many joys of the warm weather months. Playgrounds are a place where parents and guardians can relax while kids get some exercise and burn off energy before a nap. Playgrounds can also c…

By now, you have already heard about the "dramatic" changes in the Directors & Officers insurance marketplace. You have also most likely heard about the increasing number of lawsuits against directors and officers, and why associations t…

In a suburban community, outdoor lighting is an important part of any good overall security plan. A well-planned lighting scheme may deter intruders and also prevent falls and accidents by tenants and visitors. Outdoor lighting can also …

For any residential development, dirt, extreme weather conditions, and everyday wear-and-tear can play havoc with even the most durable building materials, such as stone or steel. Those same elements take an even greater toll on painted …