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Washing machine in a sponsor apartment - DM Sep 02, 2017

Sadly, our coop bans washers However someone bought a sponsor apt that used to have a washer/dryer and is now installing a new one during renovation.
In fairness to all shareholders, can and should this be prevented?

> Join the conversation Comments (3)

Absolutely should be prevented. It has to be one rule for all.

I would send a nice, but firm, email to the Board and the Building Manager reminding them of the rule about not allowing washers in apartments, and it appears that the rule is about to be violated in this apartment.

I would inform them of the importance for all shareholders being treated equally by everyone having to follow the rules.

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> Join the conversation Comments (1)

Marty is spot-on and I second his suggestions.

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To clarify:
If a regular (sold shares) apartment in this coop has a washer is is grandfathered. But how does this apply to the sale of sponsor (unsold shares converting to sold shares) apartments?

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> Join the conversation Comments (1)

Hi DM. As you said, if a washer was already present in an apartment at the time the no-washer rule was put into effect, it is grandfathered in. When a unit is sold and there is no washer, then I believe one cannot be installed simply because the seller is the sponsor. It is my understanding that in situations like this, all shares must be treated equally regardless of who the seller is. If possible, try to ask the co-op's attorney for an opinion. Others on here may have better knowledge than I do.

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Who is responsible for making sure that the tax rebates are applied correctly? Our managing agent does not show us what they get from the state and there have been errors (people getting rebates they do not deserve or not getting them -- all due to sales).

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> Join the conversation Comments (2)

Hi MissP. If you are concerned that you are not receiving the correct amount of rebate, try contacting the DoF at the email address listed on this website: http://www1.nyc.gov/site/finance/benefits/landlords-coop-condo.page I don't believe the managing agent has any obligation to share the list with you because it contains information about other apartments besides your the board may consider proprietary. We do not share the list with our shareholders for this reason.

The list received from the DoF by your managing agent contains the amount of rebate for each apartment if the apartment is eligible, or the reason why the apartment was considered ineligible ("insufficient information", "not primary residence", etc). It is the managing agent's responsibility to make sure the rebate received by each eligible shareholder is what is contained on the list.

Are you concerned about the accuracy of your particular rebate, or the rebate distributed to other apartment? The list of rebates received by your co-op from the Dept of Finance is per-apartment and there is no dependency between apartments on the amount calculated by the DoF. Your managing agent should let all ineligible shareholders know they are ineligible and work with them to make them eligible.

I hope this helps.

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> Join the conversation Comments (1)

I'm on the Board. At one time there was an article either here or in The Cooperator saying the Board was responsible for reviewing what units the state and managment company had for the rebates. They have been wrong before. If the managing agent does not provide the Board with the list and does not correct it, is the Coop liable for the error?

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> Join the conversation Comments (1)

If your managing agent does not provide the Board with the list, I would immediately fire the MA. Really. The MA is an agent of the board and reports to the board. Withholding anything relating to Co-op governance is, in my opinion, sufficient reason to immediately terminate their contract.

I am not a lawyer so please do not take the following at legal advice. Since the MA is an agent of the co-op and legally answerable to them, your board may very well be implicated in any litigation arising from a shareholder's loss. Only the DoF can change the list, the co-op (managing agent) needs to file update forms with the DoF. I believe, though, that it is ultimately the responsibility of each shareholder to correct any errors because only shareholders can prove to the DoF's satisfaction that their co-op apartment is their primary residence and meets all other criteria to receive the rebate.

But seriously, if your managing agent is withholding anything from your board like the list of apartment abatements, you have to wonder what other shenanigans they are playing. Someone on the board should work with your accountant to make sure there isn't any fraud or embezzlement going on, and then work with your attorney to fire your current MA and find an honest and reputable replacement.

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managing agent has a responsibility to:
-advise shareholders who are not getting rebates that they are not
-ensure the rebates are applied correctly

note that a rebate can carry over from a sold apartment to the new owner for a year or so. if the co-op assesses the abatements, everyone is assessed. if you get the abatement you may be assessed for a slightly different amount as the abatement must be assessed on a per share basis.

if your mgmt company is not complying, the board needs to take action.

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Rogue board members - MK Aug 17, 2017

I live in a co-op where no one is happy with management or board. But they themselves have created the situation allowing the same members to be voted in year after year. No one wants the responsibility and it is a very divided co-op with lots of back biting. It is a poor neighborhood (Hempstead Long Island) and shareholders don't appear that savey. Prior to my move here shareholders were told they had to purchase their own windows. But the lease clearly stated it was a co-op responsibility, all they had to do was read, but no one was up to it. The board has the horns for me and is doing everything in their power to make my life miserable. I recently got a 30 day notice to cure. More than half of it was pure BS! But they got me on the basil! No growing basil in the back. I had to remove my plants- were they making too much noise. I left a shopping cart in the hallway in 2012. The entire building does this, but it is only a problem when I do it. And I am talking about large carts from Home Depot and stop and shop. I was so pissed off when I saw this that I called stop and shop and had the carts removed. Their are still some left, but not for long! The elevator is tiger oak and they cram these carts in there banging the walls. The building is prewar and has amazing potential, unfortunately it is being run by people who are self serving at best. I have heard all the suggestions, run for the board, contact the attorney general. Funny I was just about to put it on the market when I got the notice. Get this 2 of my neighbors agreed to take my plants. Yea it was no problem for them because they are allowed to have plants. Then one of them goes on about how much she loves basil! Takes a plant and does not even offer me a leaf. Same with the other one, yet they both agree that what is happening to me is wrong. So it really pissed me off and I removed all the plants over to a friends house. One of them was
really upset about the basil. What kind of community is this? The board ma and super are all bullies! Bullies need targets, once I am gone they will need a new target. I already know who the candidates are, just a matter of time. Biggest mistake in my life was purchasing this dump! It has has life altering consequences for me! Never again will I purchase a co-op, it is totally giving away any power or independence to people who have no concern for your welfare and in my pictular case one in which they sought to do me harm. All I can do is litigate and that is not what I moved here for. That is my own personal experience but in speaking with others I realize that co-op boards tend to be made up of a specific type of person and my experience is not unique. I am not trashing all board members because just like every other group there is good and bad everywhere. They looked like normal people at the interview, no horns or daggers. Who knew? Never again will I purchase a co-op, nothing but problems as you can see here and no solutions. I would not recommend to anyone either....... As a co-op owner I may have rights but if I want to exercise them I will have to hire an attorney. Anyone got an extra 50 thousand lying around to address the behavior of these hooligans? Even if I did have it this dump is not worth it. A 50 thousand dollar legal battle where I will be subjected to listening to the garbage and lies that come out of their mouths. No thanks
Next sucker
Please step up to the plate.

> Join the conversation Comments (1)

Wow. I know where you're coming from. I lived in a garden apartment rental near the corner of Jerusalem Ave and Greenwich St a few decades ago and know the area. I can appreciate what you're going through.

I'm not sure from your post if are looking for any suggestions or just wanted to vent. Advice is very cheap here, and you always get what you pay for. ;-)

My unsolicited suggestion is to consider if your mental and physical health are worth not trying to get out at any cost. Living under the conditions you describe is enough to drive anyone crazy. If you can afford to move, it may cost you, but it will be one of the best decisions you make.

Also, please don't swear off co-ops. There many many buildings which have a true sense of community and whose board always have the shareholders' best interests at heart. You've learned a lot from the situation you're in right now, let it guide you towards a more suitable building, if you want to own and not rent. Engage a good attorney who can read the board minutes and financials, and help you find a place that can be your forever home.

The very best of luck and good fortune to you.

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> Join the conversation Comments (1)

You advise is on the money, I was just about to market it but I am so exhausted from this house of horrors that I have not had the energy to get out of bed for 2 days. It has taken its toll mentally and physically. I have not had an easy life and this was really the last straw for me. I just don't understand the mentality of these jug heads. But like I said it's a shakeup neighborhood and it was a mistake from the get go. But I loved the large rooms and high ceilings. What is even more bizarre is that people here are very concerned with security. I am also concerned with security but I have not had any problems with people from the neighborhood, only the people here in the building. Numerous verbal assaults and one physical assault. I called the police but this is Hempstead, they don't do harassment and it is not considered a crime here. So then they tell you where to go for help. You take the advise and guess what they were wrong. In fact I was told I could not get an order of protection unless I was married to or in a sexual relationship with the person harassing me. But that is what the police told me to do. Then they told me to go to landlord tenant court, but they only Handel evictions. Then they told me I went to the wrong court to go to another one. So I went to that one and they were wrong again. I am exhausted. Yes
It will be a financial loss and an hardship for someone who can't afford it like myself. But still I want out, I am planning a move out of NY into a small cottage type home. This experience was just to horrific to ever go down that rode again. No people who live in coops need more protection from the rouge board members and MAs. Nothing can be solved in house with Tia type of mentality. So did I choose to move no. My home is a dangerous mine field and I have no intentions of remaining on this sinking ship.word gets around agents already know it's a "difficult" board. Plus last year our water looked like something out of flint Michigan. I had to call the water department because the super was trying to claim the village was flushing hydrants. But really flushing hydrants for 6 months straight. When I told the ma that the rust was coming from within the building he had a meltdown and was angry I had called the water dept. I backed off let someone else take the heat, I have suffered enough. It was so bad that I was swimming in Hempstead lake park to get the Rudy off my body. It made me itchy and I ripped skin off my back scratching it. Also I take salt baths for medical reasons and suffered an electrolyte imbalance that left me barely able to walk. The claim the problem is fixed, but it is not. The new water heater was replaced but it was only 5 years old. The rust is returning and the super drains the system regularly so we don't see the rust. But I take baths because of my need for salts. So I see it and I know the cause. It is old pipes from the 1940s that have rusted. But again the board and ma are keeping shareholders in the dark. If I say anything it will be another full fledged witch hunt and they have not even finished the first one. But it it not the dark murky water like last year. It is faint because the pipes have not yet had enough time to destroy the new water heater. How do I know? Because I am inquisitive and I like staying informed. The exact opposite of the majority of people here who prefer to keep their heads in the sand. Any mention of it will bring out the Charlotteville in them and this place ain't worth it. But thank you for an honest answer. Nothing can be done to change simple minds. I need to cut my losses a get the hell out of here. After this experience I just want quiet and tranquility near a lake so I can recover and hopefully find a peaceful place to rest my bones.

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> Join the conversation Comments (1)

I sincerely hope you find the peace and tranquility you are looking for.

--- Steve

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> Join the conversation Comments (1)

I was preparing to market when I got this in the mail. One of the claims is that I set my carpet on fire. I spoke to the MA a day or so ago and asked him where he got this information. His answer "OK half of it is not true but the rest is". I was also informed by office personal that they do not care if I sue them because they have insurance.
WHAT?
It is a total abomination!
And I would like to sue. I had to vacate my apartment again because of the problem above me. I have located information that provides proof that board members and management knew she did not have carpeting. The MA promised the next tenant would have carpet.... And then I get the thirty day notice.
Give me a break I had already planned on getting out. But my harasser of the past 6 years there out her PC and I grabbed it to have a look. I have not yet had the material that was deleted resorted and I am looking for something very specific. But the 2 letters to board and management claiming that I set my carpet on fire and that I had mental problems were.... No words to describe how horrific this has been. Just moving on and allowing them to get away with what they did to me for years is not sitting right with me. You only know a small portion of what I have been put through. Is there any way to get them to take responsibility for there actions.

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> Join the conversation Comments (2)

MK, If you have all your i's dotted & your t's crossed go to a lawyer with all proof in hand let him/her advise you. Now move to your dream cottage and put this craziness aside. Life is to short and consider this a learning experience. Best of Luck on your new journey. Peace of Mind.

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I can only second the advice PC#1 gave you about consulting with a lawyer about your situation. In answer to your question, it looks like it is the only way to get your co-op attention and force them to take responsibility for their actions.

You can bet they'll take notice of a suit when their "insurance" informs them they are not covered for willful and malicious activity, and all legal fees and penalties will have to come out of their treasury.

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> Join the conversation Comments (1)

That info was helpful. It was willful there is no doubt about that!
Thank you, I may be getting out of dodge, but I have no intention of allowing them to get away with the egregious and criminal behavior perpetrated upon me. That was very helpful thank you

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Pet Fees - Lila Aug 06, 2017

Hi guys I'm the new Board President at my co-op and for many years we had a No dog policy. At our last meeting we revisited the no dog policy and voted that the shareholders are now allowed to have a small dog maximum weight fully grown 30 pounds. The shareholder will also attract a monthly fee of $50. One member feels that the fee should be for all pets...Has anyone ever heard of a monthly fee being charged for a cat? Is it even legal to charge a cat owner a fee? Thanks

> Join the conversation Comments (4)

It seems that fees for pets face the danger of 'how far does this go'?
What about goldfish, turtles, hamsters, guinea pigs..?

I've never heard of a "pet fee" and it seems problematic...

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> Join the conversation Comments (1)

I totally agree with Bill & the one member that said fees should be for all pets is also right.
More important is requesting every year that the board wants copies of dog license and shots from shareholders Vet.
I too have never heard of a "Pet Fee" this will be more trouble then it's worth. Best of Luck

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Hi Bill - What is the reason your board voted to impose a $50 monthly fee on dog owners and not, say, cat owners or girbil owners or any other domesticated animal?

Usually the best way of handling this is to explain to all shareholders the reasons why the board voted the fee for just dog owners. If the reasons resonate, this might end the objection.

If the decision was arbitrary, depending on the number of potential dog owners in your co-op, there could be varying levels of pushback from your shareholders. If you have a shareholder who is ornery enough and rich enough, this could ultimately lead to a lawsuit over discrimination against a specific subclass of "pet" owners, the definition of "pet" being up to the courts. You don't want to become embroiled in this sort of emotional litigation.

In my opinion, engagement with the shareholder is your best course of action. It also helps to have an understandable reason for the fee.

Good luck!

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> Join the conversation Comments (1)

Agree with Steven and here are my 10-cents. If you have elevators and the reason for the fee is for dog-owners to pay for the higher cost associated with running elevators due to dog-owners using them more frequently, you could argue that cat-owners do not normally take their pets out.

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Our Co-op charges a one-time administrative registration fee.
It seems like the $50.00 fee per month above is like charging the pet rent.

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I re-read Lila's original post and some of the comments. Absent any stated reason for the $50/month dog fee, I'm wondering if it is intended to be a not-so-subtle way of letting future dog owners know their new pets won't be receiving a tail-wagging reception.

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a pet fee seems ridiculous to me. $50 a month to have a dog? why? if the building wants to discourage pets, then don't be a pet-friendly building at all.

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Why are you charging pet fees?

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Parking spot - malamu Aug 02, 2017

Hi all...hoping you can help.

We recently received notice that our condo board had received the deed to a parking spot. I am not sure whether someone defaulted on tax payments or could not produce the paperwork that demonstrated ownership, or even whether the board used building funds to purchase the spot. I have a few questions:

Is it possible for a condo board to get ownership of a lot and then sell it (funds of course to go to the reserve)?
Would the board actually have had to purchase it from someone and if it used building funds, would it need to let the condo owners know that it had

The condo board has invited owners to purchased the spot (quite small) assessed in the real estate market at 45K (but the city appraisal is far less). I suppose that is fair, but wouldn't it seem more feasible to offer it at a lower rate for existing owners? The original purchase price of the lots (10 years ago) was 5K.

If no one purchases from the building, they want to sell publicly. What are the implications for the building if that occurs...for example, insurance concerns, someone who purchases the spot to lease indefinitely to a stream of people, etc.

Thx.

> Join the conversation Comments (1)

Great questions, why don't you present them to your board and your managing agent. In the mean time look back at the paper work they had you sign and read about your purchase of your parking spot. Look at your by-laws, house rules and priority lease. I'd be very interested in what your managing agent has to say and your board. Hope you'd share your out come. Good Luck

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My condo unit suffered a 3rd roof leak - can I get compensated for having to deduct rent from tenant? And what are my rights? - Roof leak for the 3rd time - need advice on my rights and what is best course of action Jul 27, 2017

I own a condo in a building and back in March it suffered another water leak coming from the roof. This was the 3rd time in the past few years and each time the super and management office had tried to identify the cause and eventually said they think it was fixed.
But after this 3rd time and with a new building manager, it seems like they are finally going to retry and find the problem once and for all.
So initially I was pleased with the action and direction in that they are admitting that roof leaks are tricky and so really hard to determine the cause, and that this time they will try to find the problem and fix it once and for all.

I agreed to let them open up a hole in the master bathroom (it is a 2 BR 2 bath unit) in May so they can do water leak testing to find the cause and after a few attempts, it seems like they found what's is.
I am currently renting the unit out so had to confirm with current tenant that it was fine to have that hole in the bathroom. Tenant was understanding and also had been a tenant during the previous leaks and so wanted to also make sure the issue gets fixed correctly this time.

After they did find the cause, they said they would get engineer to look at it but since then it has been relatively radio silence. They eventually did tell me it would be a N steps process:
1. The engineer needs to produce construction documents to indicate to the contractor where exposure is needed.
2. After the Con Docs are done, the contractor will survey the site and produce a bid document.
3. The Board needs to approve the job.
4. Then the investigation can happen.

It has now been close to 2 months and during this time, I had sent an email to management office every other week to get an update (I realize it may take time but wanted to make sure it isn't stalled).
I finally got an email today saying they just completed step 1 (after well over 1.5 months)

There were 2 questions I asked in each email and they never address or responded to them:
1. If the process will be long, can they close out the opened hole in the bathroom ceiling to make it usable to the tenant. The tenant had to camp out on the living room since the master bathrrom has a big hole with water leaking and is humid makes the bedroom also a bit dank and smelly and she is not comfortable lsleeping there. As a result, I had to offer her a rent reduction for June and July rent .
My thinking is if the process is going to take another 3 or more months (and it is now 2 months into it with August coming up), they should try to just close out the hole and make the unit livable again. They don't need to do a complete fixing right now (i.e. Repave and repaint walls/ceiling from the leaks in bathroom and bedroom and replace the tiles that are broken due to water leaking and wearing them out) since they have not fixed the problem yet and so leaking could still happen.

2. Can the building manager please provide me with the board of manager contact info so I can reach out to them as well to try and escalate. Partly I wanted to emphasize the severity of this situation, how it is causing me financially as well as just stress of not knowing if the next major rain storm would cause more leaks.

I had also asked them to send someone in to inspect bathroom for mold but have not gotten any response on when they would do so.

So my question is if it makes sense to hire a lawyer to escalate and what rights do I have right now. Can I withhold common charges until they fix the roof leak? Can I get reimbursed for having to subsidize tenant rent to keep them? And also it is the building responsibility for making sure the bathroom and bedroom that had suffered leaks are properly repaired, yes?
Or am I at risk of losing some rights if I don't take any action now or especially I ask them to just fix the bathroom hole first to make it temporarily livable - then if they do that, they don.'the need to do the proper and more comprehensive repair needed when they have fixed the roof leak?

In earlier emails with the building super, he made it sound like the building is not responsible for anything inside my unit and so I would need to fix the wall and floor tiles and other items.

And in later email, the building management would use language like they are working to help fix my issue. The issue should be the building since it is all due to the roof leaking into my unit, right?

> Join the conversation Comments (2)

I am not familiar with the ins-and-outs of condo ownership, and I am definitely not a lawyer. You are asking a lot of very appropriate questions, and I suspect the answers are contained in your condo's governing documents and the condo rules and regulations in the jurisdiction in which your condo is located (NYC?).

My suggestion to you is that you talk to an attorney with experience in condominium law and governance about your situation. The extensive description you provided here should be a good starting point for an attorney to review your matter and offer opinions.

I know it shouldn't have to cost you anything (attorney's fees, etc) to get this resolved, but from the way you describe it, either your condo association is stonewalling you, or they know the rules are on their side and feel they don't owe you anything beyond what they are doing. Either way, you need an expert who can help you navigate this complex situation.

Good luck!

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> Join the conversation Comments (1)

First contact the board tell them you need for this to be resolve ASAP see what they say put it in writing, Second call your homeowners insurance co. Explain to them exactly what happened and see if you can have them look at the problem and if your insurance policy covers it. They will have contractors to do the work and the insurance company will go to the condo to collect the money. With this leak you may also have mold, explain this to your insurance co. and the board. Take pictures of everything in case you have to consult a lawyer. Good Luck

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Thank you Steven!

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> Join the conversation Comments (1)

You're welcome. :-)

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Urgent Question - Someone Pls Help! - Laura S Jul 23, 2017

I'm a young-ish (30s), single female who is in the process of buying a property for the 1st time. I was told that the sponsor holds majority shares, but the financials are ok, and I found a bank that will (likely) give me a mortgage. My lawyer and an accountant did due diligence reviewing the bldg's financials, etc. and reported that everything looked fine. But something has been nagging at me that there's still something I don't know. I started doing my own research and came across an article on Habitat, featuring the bldg that I plan to buy into. It's called "When Sponsors Refuse to Sell Apartments-Part 2." (https://www.habitatmag.com/Publication-Content/2008/2008-December/Featured-Articles-from-Our-Print-Magazine/When-Sponsors-Refuse-to-Sell-Apartments-Part-2)

I told the agent that I'd send my signed contract tomorrow. She sent out multiple contracts, so if I send it any later than Tuesday morning, I'll likely not get the apt. But I'm still not 100% confident about moving forward. And after reading the Habitat article, I'm even more concerned. Would I be crazy to move forward on this, given what sounds like major issues with the sponsor? I like the apt. a lot, and I've been looking for a while, but I don't want short-term happiness (finally buying an apt) for long-term misery (being impacted by the sponsor). PLS HELP!

> Join the conversation Comments (3)

Go with your gut feelings, what you want is 100% share holders ownership. Habitat is correct. Sponsors can rent or sublet to anyone and control what goes on in the building depending on how many apartments they own in the building. You would be happier with a no sponsor building and a building that does not rent or sublets. Best of Luck in finding your dream home or apt.

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I agree with your gut feelings and with PC#1's comments. Based on what you wrote I would walk away from this apartment.

In addition to all the warnings about sponsor ownership PC#1 listed, another big red flag to me is the issuing of multiple contracts for the same apartment. This sounds very shady at best and could be a scam. It sounds like serious pressure is being applied to get you to sign, and I'd have to ask myself why. I bet your anxiety is what's riling your gut.

You'll definitely find another apartment you'll fall in love with. I'd swipe left on this one.

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Go with your gut and the recommendations here DO NOT BUY!
I purchased a co-op 7 years ago and I am still stuck here unfortunately. It was the BIGGEST MISTAKE of my life. I had a bad feeling about 2 board members, but I was green and did not ask the right questions. Living in this hell hole has been a life changing experience and not a good one. I feel as if I purchased my own tourture chamber. If you don't take it check to see how soon it is sold.....may not sell for a while.

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Re: Public Benches? - Ari S. Jul 10, 2017

I'm a member of a coop board in Woodside, Queens. We're currently viewing a proposal to beautify the area that sits under our building's awening, which is accessible from the sidewalk. The proposal includes placing seating in this area. It's intended for building residents but would be accesible to any member of the public. Has anyone had experiences with such a feature? Has it created more foot traffic from non residents? Been an asset? I would appreciate hearing your thoughts.


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If it is accessible to the public and you have foot traffic they will sit there. My building has a similar situation and people make themselves comfortable all the time. My neighborhood is in a high crime area (Hempstead) Long Island. So sometimes there are unsavory characters hanging around. Also the grammar school is close by so each morning and afternoon ther is a parade of kids. The lawn is raised and they love to run up the stairs and walk past the garden. I enjoy the kids and I would never want to stop them from this simple pleasure. And I enjoy there presence- I am not thrilled about the drug people, but they don't sit there-they panhandle and leave. Then there is the general public and they sit because they are tired and it is a nice shady spot. I am OK with that also. As long as no damage is being done and it does not become a hangout I am fine with it. I don't know where you live or what type of foot traffic you have, but that should be a consideration. Also the investment of a few benchmark is not going to break the bank. If it attracts people you don't want, simple remove them. Or start small with one bench. I think that is a pretty simple solution to a simple problem. Hope you try the benches, it would be nice for the residents of your building. Oh yea if you want put a sign on them "private property".
Enjoy the fresh air

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Legal limit on late fees. New case determination. - DM Jun 25, 2017

4% per month, i.e., 48% per year would be unenforceable.  In view of the public policy underlying Penal Law § 190.40, which makes an interest charge of more than 25% per year a criminal offense, these late fees are unenforceable (see Sandra's Jewel Box v. 401 Hotel, 273 A.D.2d 1, 3 [1st Dept 2000];  see also Clean Air Options, LLC v Humanscale Corp., 142 AD3d 923 [1st Dept 2016] ).

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Cleo Realty Associates, L.P., Plaintiff–Appellant, v. Mike Papagiannakis

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> Join the conversation Comments (1)

4% fee on the monthly rent is only 4%/ year.
Assuming $2,000/month rent, a 4% late fee is $80. If charged for one year, 12 x $80= $960, or 4% of the $24,000 yearly rent.

But I assume that if the building charged $960/month in late fees on a $2,000 monthly rent, it would be usurious.

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Can homeowners register a new homeowners association? - Michael Jun 19, 2017

I'm a board president of small condo unit in Queens. We recently got rid of developer who was managing building for last 4 years and pocketing maintenance fees.
When we tried to hire new accountant for the building, he suggested that company that developer registered is "For Profit Company" and that we need to setup new "Not for Profit" homeowners association.
I'm wondering whats the connection between building and homeowners association. Buildings in general are registered at attorney generals office, is homeowners association registered same time , can it be changed later?

> Join the conversation Comments (2)

You can name your co op and register for profit, you can decide to manage your small co op without a managing agent or you can be your own agent. But I would suggest you look into a managing agent in good standing. I would interview a few before you choose one some charge a lot for doing very little. I'd look into Cooper Square they turned so many co op's around and well known, I would not interview EBMG Excel they are very high price and do very little. Even though your a small co op you need to have a board or look to see who can be a treasurer who will look and pay bills and over see your debits/credits. Also look around your neighborhood and see who they use all, buildings have a plate with the agents name and #. Word of mouth is also good. If your lawyer knows of an accountant with co op experience you can also check the Habitat they are great for information. At 1st it's a lot of work to set up an honest managing agent. But with the right agent they will guide you through this process. Good Luck

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I feel your first order of business should be to have an attorney look into the actual form of your condo's association (for profit vs not for profit) and advise you what is best and what you need to do. The two types of corporations are very different, and I believe (I am not a lawyer) being not for profit is much more beneficial for your unit owners and for tax purposes.

This being said, there may be extenuating circumstances which make being for profit better in your particular situation. This is why I suggested working with an attorney. The attorney can also help you get your building into the best legal form allowable, and answer your other questions.

Good luck!

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Admission - Billy Joe Jun 11, 2017

I have two questions.
First: I'm a Board member in a co-op and the sponsor and another Board member were supposed to interview a person who wanted to rent my apartment. The sponsor told me that I was not allowed to be present during the interview. I responded that I could be present but not vote. The reason I wanted to be at the meeting was to make sure that they give the correct information to the applicant. The sponsor and the other board member walked out. Do I have the right to be present at the interview and not participate.
Second. A month later a Board member stated that it was voted unanimously to reject the tenant without an interview. Can one Board member interview a tenant and make a decision without discussing it with the other board members.

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Did the sponsor give you a reason why you couldn't sit in? Did you interview your renter yourself before they went for the interview? If your answer is yes you did interview the renter before the board approved then I would have trusted my fellow board members. By you insisting on being in the room made them so upset they walked out. I would talk to them and apologize for the misunderstanding. The full board voted to reject your tenant because you did not trust the Admissions committee to interview them without you.

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Question #1: Since you are a board member who participates in perspective subtenant interviews and since it is your perspective subtenant who is being interviewed, your other board member might have felt you had a conflict of interest. Even if you remained silent at the interview, the simple fact of your presence could have influenced other board members into asking "softball" questions or not asking pertinent but difficult questions out of deference to you. It's just not a good idea for a board member who has a perspective purchaser or tenant to participate in that interview.

Your comment about "...make sure they give the correct information to the applicant" concerns me. It sounds like you and other board members have differences of opinion about what the subtenant should or should not be told. Your predisposition to approve your own subtenancy could easily color what you say, and this could be of concern to the other board members.

Question #2: Unless specifically stated otherwise in the proprietary lease or bylaws, there is no minimum limit on the number of attendees at a purchaser or subtenant interview. You first wrote the board voted unanimously to reject your tenant. Then you asked if only one board member could interview and then unilaterally make a decision about the tenant. This seems contradictory as to the number of board members involved.

Many boards vote to reject purchasers and subtenants without an interview. This usually occurs if, for example, the board feels a purchaser's financials are not strong enough, there is something unsavory revealed in a background check, the purchaser or subtenant has any sort of diplomatic immunity (impossible to control or evict), things like this.

Most attorneys strongly recommend that the interview be used to meet-and-greet and not as a venue for discovery. Once the purchaser/subtenant and the board meet face to face and if they are rejected, it is much more difficult to defend against charges of discrimination of a protected class.

All in all, it sounds like your board acted appropriately and you simply should have recused yourself from the interview.

Kinda long, but I hope this helps.

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