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Taking Care of Business UNABRIDGED

Magazine Article by Paula Chin on March 26, 2021

.” Amalgamated Houses 8 Van Cortlandt Park South, Riverdale, Bronx Way back in 2004, both boilers

Overlooked building security?

While most buildings have open houses on a frequent basis I do have a concern regarding

Home Based Business

a business being run from a co-op - which according to our prop lease should be for housing. Have you

Unauthorized newsletters/announcments

one, we have to allow all. Therefore, we incerted in the house rules, that the Coop Board

Audit Requirements

My CPA firm specializes in the audits of cooperative housing corporations and condominium housing

Boards can Impose Monetary fines

Your lawyer is right and wrong at the same time. House rules such as a late fine for not paying

Incorrect Assumption

Obviously, your house rules would have to rule any decisions the Board, or any shareholder

We outsource, the reasons are:

floor. And our house rules prohibit washer/dryers in any apartment. We have a maintenance staff –

Co-Ops have other recourse

If you live in a co-op you can also take Corporation to housing court as the relationship

Discrimination with storage locker access?

residents. The old House Rules state that any "resident" could contact the managing agent concerning

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Board Talk

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Sponsor Rights

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empty coop apartment owned by heirs

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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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