Are you asking as a Board member or asking as a nonBoard shareholder? Board Directors are entitled to whatever infornation they need and their attorney can’t limit the scope.

H's comment makes sense. I'm trying to make sense of the original rant and I can't. Sounds like the OP is a non-Board member who has no idea of what being on the Board is all about. If he is a Board member, then he needs to be educated ASAP.

"Employees live and own apartments on site but won't start working until 8:00 AM." If their start time is 8AM, why would you expect them to begin work prior to that time?

"How many sublets in house and when to stop to prevent too many?" What do the by laws allow?

"The super and asst. super rent out apts. they own to live rent free." If they own apartments, do the by laws allow them to rent them out? If so, then it sounds like they're not doing anything wrong.

You asked if it was for a board member or non board member? It is for both as it appears the board doesn't fully understand their rights as a board member. It appears that a handbook needs to be introduced to educate board members what they are privy to and what not to do. Sharing confidential information with other shareholders about a pending lawsuit by a shareholder at a annual meeting is not correct . What is mandatory for board members to know is needed especially new members and why attorney doesn't help educate them instead of allowing them to do whatever they please???

my building has had a bulk rate for years, long before i lived there. we had fios installed and it was up to owners to negotiate with them to buy them out. because rate is so good, no one has opted to do so.

Windows can differ.. some LL windows are operational and some are fixed.
Check your Proprietary Lease and see who is responsible for window repairs and that party is responsible to remedy any defects.
~AR

Yes you can deduct your home improvements when you sell your apt. and house. Also $250,000 per you and $250,000 for your spouse. Your question is just in time to do your 2018 taxes. Please bring your questions up with your accountant who will best advise you in this matter. Best of Luck.

Thanks for your answer but I believe you misunderstood my question or I didn't phrase it properly. I'm not asking about one's personal taxes; rather, if co-op boards allow a shareholder to deduct improvements made to her/his apartment before calculating the flip tax. Thanks.

If a down payment was not required to purchase a Co-op in the past and now the board requires a 20% down, can they implement this without shareholders approval?

Your proprietary lease should address this. If it does not, the Board may change the requirement without a shareholder vote.

A flip tax does not deduct any improvements. It is only concerned with the final sale price of the apartment (or whatever structure it may follow), unless expressed otherwise.

deduction is a slippery slope. was discussed as an option and you can't do it that way - how would you allow for depreciation on improvements? total sale price is the only way to do it.

It is up to the Proprietary Lease to determine the requisites and details of the transfer fee. Some are based on flat percentages, some not, some on profit, some on other factors... it is best to ask you Manager to decipher your particular flip tax for you.

~AR

The homeowners insurance company should cover instances of theft. Homeowner should file a police report. The insurance company will take it from there.

I was thinking the exact same thing for my 4 unit building. We have spectrum but was thinking it might be best to get FIOS. The big advantage is with FIOS you get upload AND download speeds that are very fast. Uploads speed is important if you do any online backups or sharing and don't want a backup to take 2 weeks. Normally each subscriber has to find a place to put those big boxes that convert the fiber to copper. Instead of having 4 of those bulky things - 1 in each apt, we could have one and put it in the basement. We would ensure privacy by getting a static ip address for each unit and a separate router for each unit. You may as well get the TV and phone package and get ALL the premium channels cause we would split the cost 4 ways. Could provide building wide WiFi as well and integrate with cameras and such. I was thinking of just calling the business office and get an account under the HOA name. Only problem is two of the unit owners will flat out go against any idea I contribute, no matter how much benefit or savings it would provide them.

Spectrum will do bulk packages @ 50$ish per participating shareholder.

But there are so many advantages to a single building wide network that I still would favor it.

Hi Richo….just remember you get EXACTLY what you pay for! Going with an off-brand may/probably cost you in the long run. What happens if a component fails? Where do you get the parts? Overseas? How long can you do without the intercom? Who will install the aftermarket parts once they come in?

Careful my friend! Sorry I couldn't agree with you!

understand that you want to save money but why would you want the liability. the naysayers are correct. this is the time to spend money.
note: have you gotten three bids on this?

What Brand is it?
Did you end up doing it?

No I did not. Still have the same old intercom.

There are a ton of inexpensive options on the internet though. I believe NYC code is you need a physical button to unlock. A lot of these video systems are two wire, so if you have an existing 4 wire you can keep your physical button & steal two wire for audio/video/unlock.

Ongoing support is always gonna be the problem with these kits, although at 1/10th the cost, you can afford to upgrade once 3D projection intercoms replace video.

https://smile.amazon.com/Jeatone-Intercom-Multi-unit-Apartment-Monitoring/dp/B0746CVVY3/ref=sr_1_2?keywords=intercom+multiunit&qid=1552962165&s=gateway&sr=8-2

https://smile.amazon.com/Apartment-Intercom-Visitor-Doorbell-Security/dp/B008B05C5O/ref=sr_1_5?keywords=intercom+multiunit&qid=1552962271&s=gateway&sr=8-5

I recommend you reach out to the rep in your area to discuss any concerns and get clarification. You can reach David Lee at 888-692-9739 xt 203 or at david@comelitusa.com.

I don't know about the legality of it, but the first thing I would do is find out if he can he hear every word that YOU say while he's in his apartment.

If he can, then I think a good argument can be made that your right to privacy is being violated solely by actions that your neighbor took - not you.

If he doesn't care that you hear everything he says, then that's fine. But, if he can hear everything you say and you don't want that, then he caused the problem and must fix it.

I would notify the Board if you have not already done so. The co-op's attorney may need to be consulted about this matter, too.

Good luck.

Agree with Marty. The situation you are describing, having raw cooking fumes venting into a habitable space, is an unsafe condition and almost assuredly a violation of Dept of Building regulations and code. You don't have liability in this situation, but your board needs to get involved. They need to review the alteration agreement to see if this venting was called out in the plans and part of the alteration approval. If it was, it does not absolve your upstairs neighbor from responsibility for complying with code, but it will probably cause your board to be more involved in this issue.

It it wasn't part of the plan, and the contractor just built it this way because it was convenient, then your neighbor and his contractor have a big additional renovation ahead. The configuration you described cannot remain because of the health and safety issues. Fumes from a kitchen can contain Carbon Monoxide, which is deadly.

Bottom line, IMHO, is that you are ok (just don't agree to anything, like "are you ok with the configuration?"), and your upstairs neighbor and their contractor are in deep dodo.

if two apartments are combined, DOB should have been onsite to check - you should be able to view that on the DOB site. and the plans should have been vetted by the co-op architect. this is a violation and needs to be fixed at the expense of other owner.

Has your managing agent and super inspected to make sure his over flow is open for water to drain out?If not he needs one. I would contact my insurance company and explain the problem they will bill the upstairs neighbors insurance company for all work that is needed. Example mold removal, plastering and painting. In the mean time the neighbor above needs to be aware of this problem and also have him contact his insurance company. You as a board member and president you need a managing agent (a good one) who can advise you on problems that is going on in your co-op. Let us know the results. Best of Luck and Happy Holidays.

I had a water leak from my upstairs neighbor, who left his toilet overflowing due to dementia related problems. I contacted my insurance company who brought in equipment to dry out the
apartment, remove damaged wallpaper from bathroom, and replaster and paint,
. The insurance company paid for our hotel while the work was done, and the cost of damaged items and restaurant meals. Of course, we notified the Management company. They sent a building insurance agent to inspect.
The upstairs neighbor was a renter, unlike us. I don’t know what his liability was. He soon afterwards moved to a nursing home.

Thank you peoples choice #1 and H for your responses. We are a self-managed building. The Board had a meeting with the upstairs neighbor last night who is very contrite and accepts responsibility for any costs incurred by the downstairs neighbor. Both have insurance. The upstairs neighbor agreed to buy Flood Water and Overflow Alarms (and did so immediately after the meeting). We also encouraged him to turn his phone off before turning on any water, which he agreed to do. This we believe is a distraction. He is on medication and that may be affecting his behavior. We told the downstairs neighbor that we will be having a mold inspection of the entire building early in 2019. It's necessary because of this flooding and it is also now required by the City.

I live on the top floor of a rental now where there are numerous cell phone towers. I didn't realize them going up at first but after a few months had difficulty in sleeping, nausea, muscle aches that I couldn't explain. I understood since then that these were due to the cell phone towers being directly above me on our paper thin pre war roof. They also have a low frequency hum that is audible. I am looking to move out asap now and I would suggest you discuss with your neighbors who live on the top floors and who these towers might affect.

This is a great idea, your building will generate lots of money with great savings to you as a share holder and do a lot of upgrades around your building. Without having an assessment.

With Solar Panels you do need to strengthen your roof while your doing that have them put a barrier underneath your roof and panels. This will prevent any people complaining they hear weird noise coming from beyond. Best of Luck and let us know what you decide to do and how much your going to save in the long run. Happy New Year