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Why Do Some Buildings Always Have an Ongoing Assessment?

Tips on Buying a NYC Apartment, New York City

, or sometimes to balance an annual budget that is running a deficit. If a board has levied a permanent

What Happens If I Pay My Monthly Fee Late?

Tips on Buying a NYC Apartment, New York City

not get overlooked and become a bigger problem. Most buildings operate on a break-even budget

What's So Important About a Co-op's Board Minutes?

Tips on Buying a NYC Apartment, New York City

is using assessments to offset proper budgeting. The minutes may state that the board is contemplating

Why Would a Co-op Not Increase Maintenance Fees Every Year?

Tips on Buying a NYC Apartment, New York City

into a reserve fund? What capital expenditures are anticipated? Is the budget balanced by drawing down savings

How Could an Ongoing Lawsuit Affect the Operations of a Building?

Tips on Buying a NYC Apartment, New York City

a building's budget, causing financial hardship, which could outweigh the benefits of any positive outcome

Upcoming Assessment? Does the Board Know What It's Doing?

Tips on Buying a NYC Apartment, New York City

are meant for a specific project and based on a specific budget. As a shareholder or unit-owner, you know

Do Many Buildings Have Owners Who Pay Monthly Fees Late?

Tips on Buying a NYC Apartment, New York City

to make up the budget shortfall. These buildings have mortgages to pay. If they don't have sufficient

Five Ways Your Co-op Can Fatten Up Its Reserve Fund

New York City

and gas bills, buildings should prepare an annual operating budget. Included in that budget should

Renovating a Lobby with Minimal Controversy

New York City

," Farley notes. The project, which came in under the $350,000 budget, started in July 2014 and ended

On the Money: Inspecting Your Building's Facade… with Rope

New York City

accurately budget for what needs to be repaired. Most Local Law 11 inspections look at only one wall

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Sprinkle system for insurance?

Pooh Dec 23, 2024

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

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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

Source Guide

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