ARCHIVE SEARCH RESULTS

Virtual or hybrid meetings have become the norm for co-ops and condos, offering increased flexibility and convenience, making it easier to reach a quorum, and attracting a younger, more tech-savvy demographic to the board. (Print: The Upside of Remote Meetings)

A co-op in the Bronx was able to renew its insurance coverage with its original carrier after having multiple claims on its loss record, thanks to the help of FirstService Insurance Brokers. (Print: Hard Market, Hard Choices)

A co-op board found itself in deep water when water was pooling in the boiler room and repairs escalated to six figures, forcing the building to take out a $300,000 loan at a steep interest rate. (Print: A Boiler Room Deluge)

A comprehensive checklist is essential for a smooth transition to a new property manager, as it ensures that all records, files and documents are produced, categorized and filed, preventing potential risks such as missed tax filings or non-compliance with code requirements. (Print: Pivoting to New Management)

Co-op and condo boards can now apply to register their buildings on the city's prohibited building list to ban short-term rentals, but must first amend their governing documents to specifically prohibit them. (Print: The Bane of Short-Term Rentals)

Boards should investigate complaints of odors and secondhand smoke, and impose fines and injunctions to address the issue effectively. (Print: What To Do About Weed?)

Condo boards facing unpaid common charges can expedite eviction using a writ of assistance within the foreclosure action, with specific requirements.

When reviewing a management contract, define the scope of tasks clearly, set limits on financial autonomy, examine termination terms, and document performance issues for renegotiation.

Differentiating between roommates and unauthorized sublets is crucial. Clear rules and vigilance help boards enforce policies, collect fees, and maintain control.

Boards gain control over commercial spaces in converted buildings by terminating master leases, optimizing revenue and renegotiating terms for benefits.