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Board members must fulfill their fiduciary duties, including educating themselves on relevant information and acting in the best interests of the building, in order to protect themselves and their fellow board members from potentially devastating legal consequences.(Print: The High Price of Bad Faith)

Co-op boards can update house rules to keep up with modern-day concerns such as e-bike storage, video doorbells, and renting out residences as Airbnbs, and can use them to create fine schedules that increase with repeated offenses and to maintain the building's finances and save money. (Print: House Rules: Time For A Refresh)

New York City's climate mobilization act allows buildings to purchase carbon offset certificates to avoid fines and buy more time to fully comply with the law, while the revenue from this purchase flows into the GreenHOUSE Fund to help decarbonize affordable housing. (Print: Carbon Offsets: A New Tool in the LL97 Toolbox)

The New York City Fair Change for Housing Act has introduced a two-step process for co-op admissions, requiring boards to accept an offer in writing and agree not to revoke or change the deal based on the buyer's criminal history. (Print: Co-op Admissions: The New Two-Step Approval Process)

The board at 6300 Riverdale Avenue in the Bronx successfully updated the proprietary lease to include amendments that require shareholders to carry apartment insurance, define what "sublease" means, and establish the right of the co-op to levy fines. (print: Beyond Boilerplate)

When it comes to keeping written records of board meetings, less is more — don’t make the mistake of oversharing. (Print: Mind Your Minutes)

Residencia Esperanza and Two Charlton Owners Corp. are pioneering energy efficiency projects, leveraging financial incentives and creative solutions to reduce their carbon footprint and save costs. (Print: Power Players)

Squeezed by an ever-expanding number of local laws and regulations, boards and management companies are scrambling to keep up. (Print: The Compliance Crunch)

Co-op and condo boards are strategizing ways to make composting convenient and hygienic for residents, as a new mandate requires buildings to separate compostable items from trash or face fines. (Print: Carrots and Sticks: Strategies for Composting Success)

Boards must decide on the right amount for holiday bonuses, taking into account the salaries of supers, doormen, concierges, and porters, as well as individual cash tips from shareholders and unit-owners. (Print: Handling Holiday Bonuses)