Week by Week: March 28
March 28, 2016 — March 28, 2016 – Dealing with the fallout of self-mismanagement, and avoiding lawsuits over those pesky sidewalk tree pits: the newest stories from our app will help board members handle a pair of very different challenges.
An intrepid new board cleans up a mess at the Lindenwood Village (Section D) co-op in Howard Beach, Queens, where years of self-management opened the door to fraud, erratic bookkeeping, and other missteps that nearly sank the co-op. When a slate of concerned shareholders got control of the board, they hired a new team of professionals and, in a remarkably short time, turned the co-op around.
Our second story tackles a less dramatic but no less serious facet of board life: how to protect your co-op or condo from a potentially devastating lawsuit when someone trips over a sidewalk tree pit in front of your building. It may sound silly, but it's no laughing matter.
In Week by Week we delve into the salvation of Lindenwood Village, and how not to get tripped up by a lawsuit.
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