A condo board in Midtown wants to increase owner-occupancy to improve the community feeling and finances, but needs to consult with a lawyer and consider the consequences of any changes to their leasing policies. (Print: Too Many Condo Sublets)
A condo board in Midtown wants to increase owner-occupancy to improve the community feeling and finances, but needs to consult with a lawyer and consider the consequences of any changes to their leasing policies. (Print: Too Many Condo Sublets)
The board president of a building in Chelsea was found to have crossed a line by aggressively soliciting donations for a lobbyist fighting the city on the placement of a 5G tower, and was advised to consider the potential consequences of such a request. (print: Keep Your Opinions to Yourself)
The board of a building must protect the building, themselves, and other board members by seeking legal guidance and being fair and consistent in their treatment of all candidates, while also managing the length of written bios and spoken statements at the meeting. (Print: COPING WITH A CONTENTIOUS CANDIDATE)
The board of a 80-unit co-op in Brooklyn Heights is seeking to identify and correct the situation of shareholders subletting without board permission, by defining and quantifying the problem, identifying possible underlying causes, and enforcing the policy. (Print: Stopping Sneaky Sublets)
Unenforced in Union Square is struggling with a troublesome dynamic on their board, as directors are reluctant to enforce building rules and policies, but Mary Federico suggests a possible approach to the dilemma by ensuring a good foundation, acknowledging discomfort, clarifying what happens without enforcement, making it easy, and leading by example.(Print: Toeing the Line)
The president of a co-op board is seeking to improve teamwork by assembling a small subset of directors with complementary skills and agreed-upon procedures, and creating a charter to guide the team's efforts. (Print: Boosting Team Spirit)
To get owners to read and consider proposed bylaw changes, it is important to identify scope, create a readable message, use multiple channels, and make it easy to act on the proposal. (Print: Refreshing the Rules)
Board members can come together on collecting common charge arrears by preventing them where possible, arguing for fiduciary duty, invoking fairness, creating a process and timeline, and creating communication templates. (Print: Cracking Down on Arrears)
Fines can be an effective deterrent to bad behavior if they are big enough, meaningful, and framed the right way, but they can also encourage bad behavior if they are seen as a reasonable price to pay. (Print: Laying Down the Law)
The Corporate Transparency Act, a new federal law requiring disclosure of beneficial owners of most corporations, limited liability companies and partnerships, has been declared unconstitutional by a district court in Alabama, leaving co-ops and condominiums uncertain about its scope. (Print: A Cloudy Future for the Corporate Transparency Act)