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Note that the standard Aztech recognition agreement requires that you notify the shareholder's bank if the shareholder falls three months behind in maintenance payments. Furthermore, if the bank chooses to pay the overdue charges on behalf of the shareholder, you must accept the money.
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visit habitat uHabitat 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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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.
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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
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Our coop never had evictions before, and now we've got two possibly brewing. One has set up house in a deceased relative's apartment but has not applied to live here and is not paying monthly maintenance; and another who sublet from a shareholder and is not paying him. We have no role in that situation (the shareholder is paying the maintenance), but are watching it closely. Our lawyer is dealing with the squatter. It's painful that people seem to feel it's okay to take such advantage.
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