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The dysfunction of co-opsMar 23, 2017

Hire an attorney? Why should a shareholder be put through this. Co-op boards and MAs have a responsibility to shareholders. Some boards are just poison. It is very expensive to hire an attorney. I have a similar problem in my building. My insurance agent suggested that I report them to the state. I have not yet decided. But yes it is a complete joke, our building is leaking like a sieve from shoddy work preformed by the previous super. He was doing next to nothing for the co-op but he was very busy with his renovation business. It will only cost around 50 grand to litigate. The real problem with many co-ops (not all) is you have foxes guarding the hen house and you are stuck between a rock and a hard place. I am not going to tell you to elect a new board because sometimes it is not possible when there is major dysfunction. There are no easy answers, but I understand exactly how you feel. Best of luck to you.

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