Our board president just sent me an email stating my shares and propietary lease are canceled. He also states he is going to sell my shares at auction without my participation.
How many ways is this wrong?
In a Coop, who pays for an inspection or the remediation of an infestation of a units(s)? Also do you inspect prior to a sale, after a sale or both?
With the terrible events in Japan are unfolding before our eyes, I am reminded that my co-op complex reviewed our earthquake insurance coverage last year and found that it only covered 10% of the complex's value. After discussions with the Board, we decided to increase that to 100% at very little extra cost to the shareholders. Our complex was built in the 1950's and while it has some iron supports, I am sure that even in a small quake, we would suffer major façade repair, at best.
Go to this site to see recent earthquake activity near NYC: http://www.ldeo.columbia.edu/cgi-bin/quake.cgi
Full disclosure: I work for an insurance company in their Pension area but not for the one that insures our complex.
There are several reputable and highly qualified companies capable of Benchmarking your multi-family building. It is essential to work with one who offers Benchmarking as one of their core services. Depending on the size and scope of your building there will be times when using EPA's Portfolio Manager will suffice. It is free and relatively simple...the down side: what do you do with the information from the EPA report or the info from your benchmarking company for that matter.
This is an open post to Larry Simms, Assemblymember Rosenthal, Senator Liz Krueger regarding improper process service by a legal firm. Mr. Simms and Ms. Rosenthal, I have had contact with you regarding my situation and Mr. Simms, I attended a meeting on Park and 23rd in 2006, of which you reminded me in a recent email (at an old address) announcing your forum last week. Ms. Rosenthal, I requested your help regarding a building situation in February 2009. I would like to be able to call Mr. Simms and speak about the situation, which is dire and complicated. Please post your current contact number and let me know it's okay to call.
In our condop building, there are 4 apts with terraces with pavers. The condop has place the responsibility and cost on the owner should there be any leaks that develop to the apts underneath them. Is that so? Now, the building is charging additional for the super to clean underneath the pavers. While these are private terraces, the board has the right via the condop lease to access the terraces in order to maintain the building. So, with that in mind, why is there a charge now? The owner with the terraces are paying monthly maintenance already, which is based on the shares. The terraces are already part of the shares allocation.
In our Condo building on the 2nd fl. our apts cannot reach a temperature over 65 degrees with HVAC blasting all day. Below the 2nd fl there is empty very cold retail spaces and the external ceiling piping leading into the apts have 2in. space all around if one unscrews their drains they can see into the retail space, The apts over the service entrance and entrance vestibules are very cold too. The apt flooring is placed onto concrete and the walls facing outside have flimsy insulation. The floors are always icy cold. Can someone give advice.
I want to be completely up-front and honest. I have been posting and responding to several threads and I want it to be clear that I am a contractor. I am the Director of Green Building Technologies with the Platinum Energy Group (the umbrella company of SNS Energy and Bain Mechanical). We are both NYSERDA MPP and Con Edison MFEEP Partners. We are the only MPP & MFEEP Partner approved to provide the entire scope of these programs. We are the leading gas conversion team for National Grid and are recognized as approved contractors for nearly every utility and state rebate and incentive program. I will NEVER compromise my firms integrity and will NEVER slander or bad mouth another company. I don't have to and this is not the forum for that. I hope to hear from anyone and will do my best to provide accurate and smart information. Feel free to email me, challenge me or question my postings.
Thank you,
Eric
I really want out as Pres. and possibly even off the board completely. However, I am concerned about what would then happen as no one seems to be interested in the position and it is needed for direction, oversight etc.
Has this happened to you or your property. What did you do? What happened?
Home Based Business
We have several shareholders who run businesses from their apartments – speech therapy/occupational therapy, and a small daycare.
Several shareholders on the floor of those running the business are raising concerns about safety, traffic, and objections of having a business being run from a co-op - which according to our prop lease should be for housing.
Have you experienced this matter? What are you suggestions? We have reviewed our prop lease, by laws and house rules, but we want to hear others suggestions or experiences.
Thanks
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
what does your proprietary lease say ?
are you in arrears , and to who.
it sounds like a serous matter.
i would think he has a pretty good reason or is incredibly stupid.
if you don't pay you maint , they can auction, I believe.
i would not consider an email a proper notification, in fact i think an email like that just would go in the spam folder.
read your bylaws and proprietary lease.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.