Preparing the annual budget is by no means an easy task. Those charged with preparing cooperative, condominium or HOA budgets will soon begin reviewing costs, gathering data and projecting expenses for the coming year. Communities, busines…
As the 2012 federal legislative fiasco over the debt ceiling—as well as any number of other spending bills proposed since then—demonstrated, balancing a budget can be like pulling teeth. Balancing a condo or HOA community's budget can some…
One of the biggest problems that can cause the downfall of any co-op or condo is a lack of funds, or more specifically, not enough money to keep operations running smoothly and to make the necessary repairs to keep everything up to par. …
Homeowners associations and co-ops alike are governed by a set of specific documents that lay out the administrative structure of the community, its rules and regulations, and protocols for decision-making. The certificate of incorporation…
Hackettstown, New Jersey is one of a kind, literally. In fact, it is one of the few towns in the United States that has no duplicate in name, meaning there is no other Hackettstown. Before its incorporation in 1853 it formed a part o…
Q My property manager told me that the moisture meter in the hallway adjoining my bathroom has a high reading. There’s no visible damage on the wallpaper in the co-op hallway, there’s no visible damage, and there’s no leaks in the bathroo…
Due to sudden and unfortunate circumstances, one of our condo's board of directors had to start the foreclosure process on his unit. The board is not sure how to handle the situation—if there are any conflict of interests. Does he have to r…