Who is responsible for the basic upkeep of the super's apartment? Does the super normally make his own repairs (caulking shower area, plastering wall cracks, replacing broken window panes, etc.) as long as the corporation purchases any materials he may need?
Have any of your condo boards exercised their right of first refusal purchase in recent memory? If so, what were the circumstances and did this prove to be a tremendous financial burden on the unit owners? This is one of my great fears about living in a condo building, but I know I have to be prepared for this in the future.
When trying to determine whether your building has adequate insurance coverage to protect against all sorts of disasters, what measures do you use?
We're interested in finding out how many boards are posting the board minutes on their web site. If you have, has it helped to increase communication in the building?
we are considering making an amendment that all residents in the coop (inc. the sponsor's market-rate rentals) must have renters or coop insurance. as an incentive, we would like to negogiate a group discount with an insurance company (for example, if anyone uses Travelers, they get a 20% discount) - has anyone done this?
Given today's dire predictions for strong hurricance striking the east coast this season (see AM NY site), should buildings right outside flood zones consider flood insurance? My building is on the edge of a flood zone, but a big storm could possibly zap us.
Our board has been considering establishing a reserve fund. How many months' monthly charges would be usual/reasonable in your experience?
I have seen a lot of recent co-op apartment sales listed recently as "no guarantors or parents buying for children".
What are the board positions/arguments/justification in these cases?
Hi knowledgeable colleagues,
Must managing agents be licenced? If so, who licenses them (state? city? agency?) and where/how would one lodge complaints?
--Stressed shareholder
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While there are no hard and fast rules on this one, I believe the superintendent wound perform some of the basic repairs in his/her apartment. Obviously there are situations where outside professional help may be required (plumbing back to the riser, electrical problems). In addition a lot depends on your relationship with the superintendent. If you have a very good super you may be willing to go the extra mile to help out. If not well.....
Finally, when the apartment becomes vacant for whatever reason (super moves on etc), it is probably best to go in and view the apartment to see what maintenance needs to be done as part of the upkeep (painting, sanding of floors etc)
Hope this helps
FN
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