Good information and clear communication are crucial for anyone involved with the administration of a cooperative condominium or homeowners association—crucial not just to thriving, but surviving in today's challenging economic times. F…
2011 March
Focus on... Exterior Maintenance
These days, when a condo’s fencing, decking or siding wears out and needs replacement, smart boards are looking well beyond “apple-for-apple” replacement materials. Wood siding, a favorite for decades, is frequently being repla…
When the days finally lengthen and the mornings lose that bitter chill, it’s time to assess the damage wrought by another New Jersey winter. For the board members and the property manager of a community association, that wintertime dama…
“Sleep tight—don’t let the bedbugs bite" used to be an innocuous children’s rhyme but these days, it's a nightmarish refrain for a growing number of co-op and condo owners and their building administrators. Virtually unheard of for deca…
Everyone knows the old phrase about April showers bringing May flowers, but what the saying doesn’t tell you is that the rain in April can also bring a lot of damage to your HOA's gutter system. Hard rain and blustery wind are always ar…
Warmer temperatures mean a farewell to clunky boots and bulky coats, but it also means it's time for your building or HOA to shake off the snow and ice and take stock of any damage or wear-and-tear inflicted by the winter months. …
Mention Fort Lee, New Jersey and two things come to mind. One is its proximity to the George Washington Bridge, and secondly, its heritage as the birthplace of the modern film industry and of the Palisades amusement park. The …
Co-op or condo ownership can mean fewer concerns about maintenance and administration for residents, but it also means living by a new set of rules and regulations. Co-op and HOA boards don’t operate as little fiefdoms unto themselves, …
After receiving over 4,200 comments on a proposal that would have eliminated flip taxes and transfer fees in co-ops, condos and HOA communities, the Federal Housing Finance Authority (FHFA) has reconsidered its position and will allow …
Q Recently our board gave us a financial statement that, in my opinion, simply didn't add up. A friend of mine went to the town and school district to get the proper numbers and we found out that we were “not” given the correct infor…
Q “Our association will be voting soon on giving our streets to our township. The township will then repay us for snow removal. My question is: Is it generally a good thing to give your streets away?” —Concerned About Municipa…