Category: Q&A

Q&A Q&A: Building Owner Incarcerated for Mortgage Fraud
2009 June Q&A: Building Owner Incarcerated for Mortgage Fraud

Q I live in a 28-building garden apartment complex with 56 units per building—some of which are rent stabilized, others of which were sold as condos. The owner of the complex is now in jail in connection with his company’s fraudulent …

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Q&A Q&A: What is Super's Compensation
2009 June Q&A: What is Super's Compensation

Q My question concerns the various forms of compensation our building’s super receives and the shareholders’ right to know the exact sum of his monthly income, as an exact cost to the building. Our super has a fixed salary, which is disc…

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Q&A Q&A: Shareholders' Right to Choose Management Company
2009 May Q&A: Shareholders' Right to Choose Management Company

Q “Do co-op shareholders have any rights when it comes to the selection of a  management company for their building? And if they can’t directly choose which company will manage their co-op, can they attend the  interviews with the potenti…

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Q&A Q&A: When Unit Owners Fail to Pay
2009 May Q&A: When Unit Owners Fail to Pay

Q “Our 200-unit condo association has seven delinquencies. Six of these cases have been delinquent for over a year. Liens are in place, and all are in the hands of our attorney for collection. Most are mortgaged past fair market value…

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Q&A Q&A: Alarmed Door Alarms Shareholders
2009 April Q&A: Alarmed Door Alarms Shareholders

Q I am a shareholder in a co-op building. The building has a main entrance and a service entrance. Management, without any notice to the tenants, decided to put an alarm on the service entrance door, and they changed the lock so we ca…

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Q&A Q&A: ADA-Compliant?
2009 April Q&A: ADA-Compliant?

Q Our co-op building, built in the early 1960’s, has a big open roof, accessible only by staircase. We want to add a removable, elevated deck, plants, and furniture to the roof. We have met with an elevator company to see if a platfo…

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Q&A Q&A: Recording Lien in Adjudicated Matter?
2009 March Q&A: Recording Lien in Adjudicated Matter?

Q Can a homeowner association record a lien against a home in an HOA, when the  matter (cause and amount of indebtedness) has been adjudicated in District  Court in favor of the HOA homeowner and has been appealed by the association? …

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Q&A Q&A: Board Makeup Contrary to Bylaws
2009 Feb Q&A: Board Makeup Contrary to Bylaws

Q I reside and own shares in a co-op in Edison, New Jersey, which is experiencing many problems, including serious maintenance issues, due in part to poor service on the behalf of the current management company. A group of res…

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Q&A Q&A: Failure to Distribute Minutes
2009 Jan Q&A: Failure to Distribute Minutes

Failure to Distribute Minutes Q I was newly elected to the board of a small (32-unit), self-managed cooperative, where traditionally there has been little transparency between the board and shareholders. The board has been st…

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