New York's Cooperative and Condominium Community
You need to read thru your prospectus/house rules/bylaws/proprietary lease/governing documents. Those documents determine what can be changed by the board or voted on by the members of the corporation, and how the board gets elected/selected/appointed. In general, you should be able to read the board meeting minutes, probably at the management company's office, and you should receive an annual audited financial statement. You can make a complaint to whatever state authority governs your property, often the State Attorney General, if they don't permit review of the minutes or fail to provide financials, etc. The board has a fiduciary duty to follow the governing documents. Run for the board.
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Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
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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!