New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
Boards set policiesJul 15, 2009


No.

Board members are shareholders in the corporation, right? If you applied your argument to anything financial, the Board would be unable to act. They couldn't set a budget, approve an expenditure, or change the maintenance fee.

Since there was a bike storage fee in the first place, it was the Board that voted it in.
The Board -- any board -- is charged with setting the policies of the business it oversees. If the Board doesn't vote on bike storage policies, there will be no bike storage policies.

On another note, I have to say that it's refreshing to see someone here complaining about a fee being eliminated!

Join the Conversation Comments (0)

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?