ARCHIVE SEARCH RESULTS

A co-op's failure to secure a signed assumption agreement for apartment alterations led to a $2.5 million repair bill, highlighting the importance of ensuring buyers take responsibility for previous modifications through signed documents.

Implementing water conservation tune-ups in buildings, such as Lindsay Park in Brooklyn, has proven to be a highly effective way to identify and address water waste, resulting in significant savings of up to 30% in water usage and a decrease in annual water bills, while also benefiting the environment by reducing electricity consumption for pumping systems.

Co-ops and condos are considering electrification to meet carbon-emission deadlines, but high costs and concerns about electricity supply are slowing conversion projects. However, incentives and funding programs are available, and as electrification technologies become more common, costs are expected to decrease. Experts advise to start with energy efficiency improvements and gradually transition to electrification.

A condominium owner's violation of pet restrictions leads to a lawsuit, emphasizing the need for swift board response and legal considerations regarding pets and service animals in co-op and condo buildings.

Easy-to-install units mean no retrofits required.

After a significant water leak incident in a small Upper East Side co-op, the board implemented measures including regular apartment inspections, double-checking renovations, and installing water sensors in each apartment to prevent future damage, with the installation process being quick and cost-effective.

Succession issues in co-ops regarding the inheritance of apartments upon a shareholder's death are prompting boards to update proprietary leases to include domestic partners and adult children, but considerations such as financial impact and occupancy rights must be carefully weighed.

Suzanne Redgen, a nurse and board director at Nine-G Cooperative, shares insights on board diversity, building improvements, financing projects, and the importance of listening and reaching compromises within the co-op community.

A concerned individual seeks advice on preventing board directors from disclosing confidential information.

Two New York multifamily buildings, a Manhattan co-op and a Brooklyn condo, have received grants from NYSERDA to fund repairs and energy efficiency improvements as part of the Low Carbon Pathways program.

White-glazed brick with aging glaze can develop spider cracks called crazing, compromising waterproofing and safety. A co-op replaced white-glazed brick with red brick to avoid costly repairs and improve insulation.

Construction projects in New York City face delays and complications when neighboring buildings resist signing access agreements, demanding high fees or holding grudges, causing costly setbacks and suggesting the need for an "access court" to streamline the process.

A cost-reduction service offers free second opinions to co-op and condo boards, identifying potential savings in ongoing operations or specific projects, with a contingency-based fee structure for shared savings.

During a routine wire installation, nails shot into the brick caused debris to dislodge and affect elevator functionality in a Bronx co-op. Coordinating with elevator experts before projects can prevent unforeseen issues.

Governing documents of co-ops and condos should be updated periodically for smoother operations. Consider e-friendly communication, clear language, staggered board elections, mediation, fees, indemnity, smoke-free policies, repair responsibility, and community involvement.