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Building Finances: Ignorance Is Not An Option UNABRIDGED

Magazine Article by Avi Zanjirian, Czarnowski & Beer on January 09, 2023

The situation. We took over a co-op in 2021 and were asked to do its financial statements for 2020

Problem Solved: An Elevator Modernization Takes a Nasty Twist

Tribeca, Manhattan

. Imagine if the building didn’t have the funds and had to refinance the mortgage. It could have been a huge

Four-Legged Nuisance

a unit owner that was walking their ESA in an area where children played commonly and we asked them

Changing A Name Is The Starting Point

to be conducted. If the shareholder has a mortgage, the bank holds the proprietary lease as collateral, so ... the shareholders. If they have a current mortgage, the bank has to be involved. They have to approve the name

Condominium Common Charges

-owner is actually the owner of their unit and get a mortgage from a bank to help with the purchase price ... , they have an issued deed. They get a mortgage from a bank, usually to help with the purchase price

Avoiding Discrimination Claims in the Co-op Approval Process

of discrimination, board members must not ask questions related to protected classes such as race, age, ethnicity ... are the questions that a board can very safely ask in this initial conversation? Daniel Finger: Usually, and just

New Insurance Challenges Include Risk, Cost, and Fine Print UNABRIDGED

Magazine Article by Jonathan Steward on December 06, 2022

on the carrier, but some of the stricter ones will definitely ask boards to see a sample alteration agreement

Problem Solved: Cleaning Up a Co-op’s Financial Mess

New York City

and mortgage interest on a per-share basis. We tried getting in touch with the managing agent, but he wasn

Insurance Premium Financing Gaining Traction For Co-ops and Condos

New York City

financing, and it’s offered by a niche group of nationwide and local lenders. Typically, a board asks its

Time Well Served UNABRIDGED

Magazine Article by Paula Chin on September 27, 2022

timing-wise with the mortgage, which expired right when we could take advantage of low interest rates. We

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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!

Carpet cleaning

Bob B JR Nov 22, 2024

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 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

learn more

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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