ARCHIVE SEARCH RESULTS

Boards must balance transparency with caution when exercising their right to see board documents, keeping records up-to-date and promptly responding to resident requests while exercising discretion to protect sensitive information. (Print: Balance Transparency with Caution)

Understanding the statute of limitations is crucial for boards to effectively manage potential legal claims, as each type of legal claim has a unique timeline and tolling options can extend the period during which a claim can be brought. (Print: Consult Counsel and Act Fast)

A 236-unit condominium in Manhattan's East Side was deemed unsafe due to spalling concrete beneath its aluminum cladding, leading to a $17 million repair project that was overseen by a project management firm to ensure timely completion and cost savings.(Print: When the Concrete Crumbles)

Bylaws are crucial for guiding board decisions, and failing to follow them can have serious consequences, including court-invalidated elections and loss of business judgment rule protection, which can be avoided by understanding and maintaining a working knowledge of bylaws. (Print: Master Your Building’s Operating Manual)

Co-op boards must educate themselves on the legal and financial intricacies of share certificates and liens, transfers, lost certificates, unsold shares, and issuing new shares. (Print: Understand The Complexities Of These Certificates)

Technology, contract timing, building demographics and revenue are key behind-the-scenes choices to make. (Print: Laundry Rooms Are More Than Just Machines)

When complying with one city regulation after another, fees and costs can compound quickly. Taking a consolidated approach, however, can pay off handsomely. (Print: Tackling Multiple Building Inspections)

When a new condominium is formed, the sponsor often offers a waiver period, which can lead to concerns about unpaid bills, maintenance contracts, and other operational concerns, but a proactive approach and an audit of the building's finances can help avoid financial confusion and ensure a smoother handover of responsibility. (Print: Squaring Expenses)

A 34-story condominium on the Upper West Side had to replace its terra cotta rainscreen after a tile fell from one of the upper floors and cracked a paver on a lower terrace, and the new aluminum panels are expected to last for the life of the building. (Print: A Disaster Waiting to Happen)

Boards must navigate legal protocols and communicate with delinquent residents to prevent arrears from impacting a building's operating budget and reserve funds, while also setting up payment plans and leveraging statutes to collect rent from tenants. (Print: Act Fast And Consider Payment Plans)