Thousands of board members, managers and building owners packed the Meadowlands Expo Center on Wednesday, May 11th for The Cooperator Expo-New Jersey, an annual one-day event now in its ninth year. The Expo, a fixture on the business calend…
2016 June
Focus on... Law & Legislation
The legislative season is upon us, and in many states, bills specifically dealing with co-ops, condos and HOAs are wending their way through the legislative process. Even when bills aren't aimed directly at those forms of home ownership, ma…
So, you’ve decided to buy an apartment in the tri-state area. Congratulations—that’s the easy part. Now you must choose whether to buy into a cooperative or a condominium. That’s harder. Significant differences exist between the two model…
Whether you serve on the board of a co-op, condo or HOA, chances are you and your fellow community administrators are volunteers. Perhaps you're fortunate enough that you or one of your colleagues has professional legal expertise to bring t…
No one likes a lawsuit. Whether filing one or finding yourself on the receiving end of one, they can cause stress, anxiety and an upending of daily life. They can be expensive, take months—even years—to resolve, and often result in hurt fee…
Let’s imagine that your boss invites you to a group dinner to celebrate her recent promotion. At dinner, you have a tasty salad and one glass of the house red, but your colleagues all have multiple cocktails; somebody orders the surf-and-tu…
Not every condominium or homeowners’ association is going to run afoul of the law—the happy truth is that litigation and legal trouble are relatively rare occurrences. However, even the most upstanding board in New Jersey must navigate a la…
Q. I am a board member on our seven-member condo board. We really had a problem with a previous board member, who maintains that any rules (not bylaw changes) must be enforced by subsequent boards and can never be adjusted or changed. Whe…
Q. I live in a 130 unit co-op in Bergen County, and have a question regarding what may be a conflict of interest involving the separation of co-op administration and outside business concerns. Recently, several shareholders (including mys…