Co-op boards should review their governing documents to ensure that repair responsibilities are clearly defined, and alteration agreements should be clear to prevent disputes over who is responsible for repairs.
Co-op boards should review their governing documents to ensure that repair responsibilities are clearly defined, and alteration agreements should be clear to prevent disputes over who is responsible for repairs.
A small converted loft building was forced to evacuate due to leaning bearing walls, resulting in a financial dilemma and a CIRA loan to remediate the issue. (Print: Delayed Repairs: A Worst-Case Scenario)
Condo board faced unit-owner opposition to a project exceeding spending limits. Court sided with the board, citing repair necessity.
Boards need to adhere to spending limits outlined in bylaws, but emergency repairs may allow some leeway under the business judgment rule. Proactive bylaw updates are wise to reflect current costs.
A project manager is an important part of any elevator project.
How do responsibilities for repairs break down in a condo?
Your upstairs neighbor's leak is coming into your apartment. Who do you turn to for a fix?
Disagreements between the board and shareholders about whether to repair or replace can lead to a lawsuit.
The tireless board president thrives on challenge.
Two co-ops tackled garage repairs head-on – and kept prized assets from turning into costly liabilities.