HABITAT
Subscribe for Daily Updates!
We would love to be able to charge some sort of fine for non-compliance of House Rules. However, we are under the impression that our Prop. Lease does not give us the power to levy fines and that doing so would require shareholder approval. Does anyone know where in the PL the wording for fines can be found? Or if the Board can pass a resolution like BP has done? Thank you.
Thanks, RLM. Can you give a ballpark figure of what your administrative costs are for a House Rule infraction?
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.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat u
visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Archives
search
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.
Ask the Experts
learn moreLearn 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
Subscribe
join nowGot 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!
Our attorney told us our PL did not give us the power to levy fines, and to do so would require a Shareholder vote.
However, the Board does have the ability to levy administrative costs associated with infractions of House Rules.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.