When our building went co-op some 20+ years ago, the former owner was given a contract which enables him to collect rent from the commercial properties in our building. He pays no assessments, no maintenance nor any utility bills. The loss of this income is negatively affecting our co-op as we operate with a constant deficit.
Where do we start trying to find a way out of this situation?
Can condo board forbid a weekly prayer meeting in community room when no one else is using the room and when the board originally gave permission?
> Join the conversation Comments (1)one person owns the apt - then she got married and the new person is not a shareholder nor listed on the lease. does the new spouse count as a roommate or are they allowed to have an additional roommate?
> Join the conversation Comments (1)
4yrs ago we were told there were irregularities by treasurer we have not gotten any audited financials for those 2yrs.we are now in court.the sponsor has encouraged the board to change the bylaw requiring audited financials to
Just giving annual compilations what can we do?
Can condo's ban topless females common areas? The NYS courts rules females can be nude in public.
> Join the conversation Comments (2)When I took over as board president in our condo, a foreclosure on one of the unit owners was started by that owner's lender. Prior to the foreclosure the prior board placed a lien on that owner. 2 1/2 years later the foreclosure process is still ongoing and the owner has lived in our complex without paying maintenance or his mortgage. That owner now owes $60,000 in maintenance, late fees and interest. Our attorney ( who is a very well respected Coop/condo attorney who contributes to Habitat) has advised us that there is not much we can do to push the process through the courts. We have filed a notice of appearance and there are a number of other entities money is owed to including a second lender. The rest of the owners are very angry about this owner living in our complex for free. They say the board and our attorney are not "aggressive enough" in forcing the foreclosure, but realistically, what else could we do since the foreclosure was started by the owners lender?
> Join the conversation Comments (1)
We have one staff member who regularly eliminated his lunch break and cuts short his 8 hour shift by leaving the premises 45 minutes - 1 hour early. Two of the other staff members cover for him. This seems irregular. Thoughts?
He is paid for his lunch hour as per union rules.
I am interested in starting a shareholder advocacy group to represent the interest of shareholders who are not board members. I am a former board member who has substantial evidence of the misdealings of certain board members but find myself in a situation of dealing with a former president who seeks to continue the duties of that position not by actually holding the office but by placing another person in that office and being that person's mouthpiece. Whilst this former President has substantial knowledge, it is also thought that this Person has used this position for her own benefit, i.e., securing another unit that was for sale, employing a friend as contractor and paying an astronomical sum. . .the list can go on. How does a group of shareholders make their concerns know to such a conniving set of board members. . .????
> Join the conversation Comments (1)I'm a first time poster and new Board member seeking advice. It seems the shareholders have had enough of the President & Vice-President who have managed to run our coop into financial and operations peril. In response, the shareholders have gathered roughly 60% of the shareholders to hold a special meeting to dissolve the current board and elect an entirely new one. Per the by-laws and NYS BCL the letter, w/original signatures was sent to the Secretary, who's also the Treasurer and VP. There are 7 members on the Board, including myself. Would the Board have to vote to have the special meeting or is this the decision of the Secretary? What if the vote fails - can the shareholders take the Board to court and "force" the meeting? Any thought, including personal experiences, would be appreciated.
> Join the conversation Comments (2)
Can a Co-op’s managing agent delay applying any of the Star program credits to the shareholders and instead use them to pay the property tax?
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The task should be your property mangers and a good atorney. The contract that was writen 20 years ago may have an end date, Or the years many coop bylaws have changed that my void or contract or give you room to modify some of the conditions in the contract.
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