I live in a 110 unit coop and we have a problem with shareholders and renters removing laundry carts from the laundry room. Any suggestions on how to stop this?
> Join the conversation Comments (2)Does anyone have any experience with this management company (Good, bad, ugly or otherwise?) Thank you in advance.
> Join the conversation Comments (2)The mgmt company in my condo recently put into effect a new sublet rule that all unit owners subletting their unit(s) will have to pay $300 application fee plus $300 deposit for the duration of the lease. Some of us old-timers complained to the board that since this rule was not in place when we bought the condo, we shouldn't be subject to such regulations unless the new rules have passed the majority vote. The board rejected our argument and told us that a rule is a rule and it applies to everybody. We are contemplating contacting a lawyer to fight this. This is not just about this $300 application fee. We are concerned that once we let the board and the mgmt company start this dictatorship, there is no telling what other fees they will add. Do we have any legal recourse against the mgmt company and the board ?
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just heard that one of the board members told a shareholder that unsold shares are not counted when prospective buyers and possible mortgage banks aretold the owner occupancy ration, they tell the new buyers 90%, banks90% and i have been here since conversion in 1983 , it has never been 90% owner occupied.
i remember seeing the question in the New York Times co-op Q &d A concerning what is owner occupied. The lawyer @NYT stated if the owner lives there it is owner occupied,simple as that.
Does anyone know how the NYC Dept of Finance determines the taxable value for a coop? We provide data for sponsor held rentals and we wonder how much that 'hurts' us, since the market rates for rentals are almost double the maintenance on about 1/3 of our total units.
> Join the conversation Comments (2)I live in a condo in Queens and we've been very unhappy with our board and management company. The unit owners have been trying to remove the board president for over 20 years but to no avail. We were told by the Management company that the Board president is a life-time appointment and that we cannot vote her off. We suspected that the management company along with the board have been fleecing the unit owners for many years. Every time a new board member got elected, he/she either only looks out for his/her own interest, or that he/she gets kicked out of the board by one lame excuse or another by the board president. With a large assessment fee looming, we wanted to hire a lawyer and recall the entire board. We do have a 'replacement' board member selection picked out. What's the procedure ? I have a petition written up and over 50% of the unit owners have signed the petition to recall the entire board. Is that enough ? What's the next step ?
> Join the conversation Comments (4)
We have terraces, and are now getting request for enclosures such as screens, or fencing. We want to develop a consistent and uniform look for our building, and were wondering if anyone could suggest a company that provides these services.
Thank you in advance.
Hi all...maybe some of you can help me figure this out.
I am not 100% sure what the following statement means in our offering plan regarding landings, etc. See below the excerpt for my questions:
A Unit Owner shall not place or cause to be placed in the lobby, public halls, stairways or other common areas or common facilities, any furniture, packages, or objects of any kind. The public halls and stairways shall be used for no purpose other than for normal transit through them.
So, I assume that in terms of the stairwell landings, there can be nothing on the floors, correct. And does that count for top floors, behind roof access ladders?
Does it mean that pictures, shelves, mirrors, etc., are also not allowed...nothing on the walls?
Does this mean that in the vestibules, there can be no umbrella holders, small tables below the buzzers, mirrors, cork boards?
I understand the rationale for not having things on landings...but what about walls? Like, can there be soffit shelves for stuff or is that considered a fire hazard?
Thanks...this is very confusing.
Our sponsor refuses to address any of the construction issues our building has and our lawyer asked the board to find other buildings with the same problems. Thru various resources we have found 2 other buildings built by the same sponsor with the same problems. From various other publications we have found other buildings with the same issues and would like to collobrate our efforts to the AG's office and other building entitities the sponsor is affiliated with the city/state officials. What is the best way to find out about other buildings with the same issues?
> Join the conversation Comments (2)
My company does NOT directly engage in the securing of Federal Incentives. This is informative only: Federal Tax Incentives through EPAct are available for commercial facilities who implement energy reducing technologies that result in minimum overall energy reduction of 15%.
Multifamily residential buildings in excess of four (4) floors that are rental only do qualify for this tax incentive. Condo's & Co-ops typically do not. The key is "rental" as that means "for profit" which qualifies it as a commercial property.
Have a great day and I look forward to meeting all of you at the Co-op/Condo Expo in April.
Eric
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If you have not already I would suggest posting a notice in the laundry room and have management send a memo to shareholders (you can explain why). This message also needs to be conveyed to domestic help where English may be a barrier. (Friendly reminders go a long way)
MRM
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