Have any of the Board members had experience with sublets/renters wanting to enter a lease-to-own agreement with the cooperative? If so, please opine on the process/requirements.
I had a sublet, who's been renting with the coop for nearly 2 years, asking if that's possible. Any insight/comments are welcome. Thanks in advance!
I understand that some coops have rules or guidelines regarding shredding sensitive information like buyers" financials. What about sensitive e-mails (with attachments). Shoukd they eventually be deleted? And what of Board related e-mails once Board members leave office?
> Join the conversation Comments (2)If there are two building projects competing for priority, e.g., non emergency garage ramp rehab versus new planters, of similar cost, what is the best way to gauge shareholder preference? Is a written survey ever used for this purpose?
> Join the conversation Comments (1)
We are in the process of replacing our current laundry service provider. We have been using Service Directions for years but it's getting almost impossible to get service on the machines in less than 3-4 days.
We have received bids from both CoinMach (though a little concerned since we found out they took over Service Directions about the time service times started declining) and Hercules.
Any other services that can be recommended? Suggestions on things to consider and or avoid? Top Load vs front load, etc. Thanks!!
See the link below from an article from the NY Post this morning. I know our coop has used them in the past for some years. Be aware...
http://nypost.com/2015/03/27/dirty-heating-oil-scam-affected-nypd-fdny-stations/
We're coming off a rough winter season where one of our snow plow vendorshas refused to service our building due to lack of payment, which is being worked on. However, the super is directly telling shareholders that the Board isn't paying the bills, which is far from true. Would his actions be considered insubordinate and if so can the Board push for a formal reprimand against the super?
> Join the conversation Comments (1)Does a Board President have the authority to make a motion and have it voted on by email?
> Join the conversation Comments (1)I'm a shareholder in a midsized Brooklyn coop. My complaint today is regarding the useless BODs my building has in power. A couple of these people are sickly and elderly and others are not involved to the point where they have no idea about common housing laws, what type of boiler the building has, how the financials look from month to month. They never question what money is being spent on. They all depend solely on the management company to not just give guidance but tell them how things should run and what to do about various issues. Most of these people have been living here for decades and have no idea about the current NYC laws, housing changes, finance matters. They're dead weight waiting for the building management to tell them what to do. The problem is replacing these people would not be an easy task since most the people in the building as a whole are long time shareholders who just don't want to get involved. I can't blame them really. I'd like to trust my BOD and trust that they're doing the best job they can and trying very hard to keep on top of things. Truth be told, I don't trust these people one bit and I'm losing sleep over this investment. Any ideas?
> Join the conversation Comments (1)
If a slate of candidates mails a letter to residents soliciting proxies, and any of them are ineligible due to term limits, is this action a violation of any law?
If a shareholder is actually elected who is ineligible due to term limits, is this a violation if any law?
What remedies are there legally? What type of legal action can be taken?
As a small condominium (10-15 units) in the NYC area, the owners are thinking more about self-management since, (1) it is too expensive too keep an outside management and (2) the management is not responsive. Now, the question becomes if anybody has any guidance, experience or an advice in self-management so that we could prepare for it and then execute it. Thank you for all your input.
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We have sub-letters who entered with the intent to buy, and others who had no intention to buy. For us the process is the same: before subletting they had to pass the normal board review process as if buying. When they decide to buy, they repeat the process, but the focus is not on who they are, but their current financial position.
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