New York's Cooperative and Condominium Community
You and the rest of the shareholder population cannot do much to stop the new fences as the Board is in command This is probably the worse part of living in a co-op community or even a condo. You have subordinated or surrendered your decisions to the Board. This is what happens in democracies such as in ouuntry. Only your vote may change an unpopular board member (including the president) for poor decision-making.
However, you may check your by-laws to find out if you and a group of shareholders may request a special meeting of shareholders to go over the decision of the Board. If enough dissenters with the capital improvement exist, the Board may reconsider (not change) their wisdom or decision.
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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
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