LAND OF THE LAW

Nov. 28, 2012 — The prospect of updating the bylaws of a co-op or condo can be daunting – simultaneously mundane and overwhelming. In a co-op, bylaws mostly govern internal corporate matters, but in a condo they cover just about everything, from the organization of the condominium association to the powers of the board and the relationship between the residents and their board. So the question posed to our attorney panel this episode is: Where is a board to begin? Is there a template to follow? Well, no, unfortunately. But there are plenty of solid bedrock principles on how to approach this important job. It’s information board members need to know before they take on this crucial task. On the panel this week, Habitat publisher Carol J. Ott talks with Stuart Saft, a partner at Holland & Knight, and Matthew Leeds, a partner at Ganfer & Shore.

Music: “San Francisco” (Gosprom) / CC BY-NC-SA 3.0