Applying rules to all residents equally is a board requirement, not an option.
Applying rules to all residents equally is a board requirement, not an option.
If construction defects are plentiful, stay level-headed and in contact with your attorney.
When a sweetheart lease is transferred, the board should look for new opportunities.
Can’t we set a bottom-line price for resales and not tell anybody about it?
Carefully looking into a vendor’s past can reveal something crooked in the present.
Boards should have “first dibs” rights on any sale or rental of your condo’s units.
Why having an attorney review your contracts can be crucial.
When discussing board business, don’t forget that your email conversations are discoverable.
When a shareholder combines two units, make sure they’re combined on paper, too.
How do you deal with a sponsor who won’t relinquish control?
A co-op board asks for advice regarding a major alteration of an apartment with no apparent end in sight..
Make sure that scary notices – like your building’s mortgage is in default – are sent directly to your board.
Be sure you’re protected when shareholders want to transfer shares to a trust.
Not keeping minutes and not keeping good records can cost your board.
If you don’t pay attention to building conditions, your insurance carrier will, and it may cost you.