New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
Can be done Feb 11, 2013

I had a similar issue in my building the first thing you need to do is get a support group and get the shareholders to take an interest in this shady behavior. unfortunately it cost us 2 years and $60,000 in legal fees to finally get 70 percent of the financials. We now have the majority on the board and we still had to subpoena information from past directors.

If you dont want to spend that kind of money your best bet is to get shareholders to notice the issues and vote them out come election time.

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?