New York's Cooperative and Condominium Community
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.
good luck too you.
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.
Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
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
Got elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!