Subscribe for Daily Updates!
Shareholder with roommate - Spiritkey Mar 03, 2014

I have a two bed coop, and I want to rent one room out.
The house rule states that I can't sublet; however, I heard that NYC roommate law states that as long as I live in there, I have the right to have a roommate. The board want my roommate to move out, do they have the right?

> Join the conversation Comments (2)

You heard correctly: the Roommate Law allows you to have one roommate so long as you are also occupying the apartment. All you need to provide is your roommate's name. It doesn't matter what the coop's proprietary lease says. If your board insists otherwise, have them consult their attorney about the Roommate Law.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

I agree - there is nothing they can do about it except apply pressure to you without any legal basis. I hope the pressure does not continue. However and while I am not a lawyer, if they continue to bother you, contact a lawyer about suing them for harassment (both on a corporate and personal basis).

Good luck!

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
Maitenance over-payment - improper cashing - Luisan Mar 01, 2014

We inadvertently sent in two checks for our October mtnce. The coop cashed the over-payment entitling it "unapplied prepaid mtnce" The month it was intended for was clearly written in the 'memo' line.

Can a coop cash two checks that were written for the same month or should they have caught this mistake?

In addition, there was an arrears amount in dispute (for a repair that is 100% the coops responsibility) and they applied the over-payment to this arrears portion despite the fact that the check was clearly written out to " monthly mtnce only" in the memo line. and also the payment has been split in half btw actual mtnce and the repair fee in dispute.

> Join the conversation Comments (4)

Hi Luisan,

I am taking a leap here and assuming that you are a shareowner. The reason that is it a leap for me is that your e-mail sounds like it is written by a renter.

You sent two checks. It was your error. If you think there is sufficient staff to review every payment (even if it goes directly to the management company instead of a bank lockbox like mine does); you are mistaken. Their focus is on people who don’t pay. And no – they don’t have the staff to read each memo line. Depending on how your payment is processed – it may have been electronically converted too which means that nothing written on the memo line is transmitted to them at all. In short – you may have been writing just to yourself.

In my co-op we have people to pay in advance all of the time for reasons that suit them. We don’t ask about it – we are grateful in that this will usually cover for someone that is late.

If you think about it – you sent funds from your personal account to a company of which you own a part – the funds aren’t stolen – you still own a portion of them through your share interest.

I would suggest that you call it your error and drop the complaining. If you have a problem with one of the charges, bring it up with the Board.

Good luck

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)

As an owner of a management company, many of our clients have their maintenance go directly to a lockbox. In this scenario, each Shareholder sends their maintenance to the address of the maintenance envelope and once it is deposited by the lockbox they credit your account and then transmit the records and the payments into the management software the next day. The people on the other end of your transaction are not looking at each account to see if the maintenance was already received (most companies manage thousands of units and that would be impractical).

Being that you had an open balance, whether or not it was being contested is irrelevant in this scenario. The computer will automatically apply the open balance and then credit the excess.

I can't fault the management company in this scenario as the onus is on the Shareholder to send in the correct amount of maintenance, or in this case, the correct number of checks.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Luisan,

To me it is clear that you are a shareholder. I am not a lawyer but I believe when an amount in dispute once has to be very careful not to pay a penny over the monthly maintenance. Yes it was a mistake to pay twice the same month because of the abuse shareholders suffer; but does not mean you have to accept it to be part of the dispute amount (I wonder if they will use it as you admitting that you have to pay the disputed amount). I would write a certify letter letting them know that you are still disputing the amount. Just make sure from now on you write the date to apply payment to (month and year). Keep sending payment every month and just put to be apply to the correct month (one month in advance to compensate for the 2 payments). If you ever have to go to court you bring all the checks as proof of payments; the judge can read and if housing court does not listen you can always go to appellate court to appeal it. You can call the Bronx Defenders (googgle the address and phone). They might give you legal advice or tell you where to go.

Also be aware that coop abuse is an epidemic. Check out COOPABUSE.COM to read about horrible stories and what we, Cooperative Community Organization, is doing to pass laws to protect our coop homes. At this time we have no right at all. We can be evicted from our home just for a few hundred dollars; specially if one has NO MORTGAGE. We are like third class citizens.

This week we have meetings with two strong politicians and we are to discuss coop issues and how to implement laws to protect our home. I, along with other people, will be representing the Bronx at this meeting. It is important that we fight together against this abuse. Perhaps an issue should be for shareholders to get list of all repairs that the coop has to pay so you don't have to be fight for it. It is sad that shareholders have to spend so much time and money fighting this that should be very clear. Also, it seems that target people to be abuse are shareholders with NO MORTGAGE; it is easier for the coop to take away your home at the housing court level. Shareholders are loosing their homes in housing court and do not have any protection under bankruptcy court.

Email me ROSA.NAZAR@GMAIL.COM to let me what borough you are in (or part of NYS). Today we are fighting together and only VOTING for politicians willing to fight to protect our coop homes. The formation of COOP was a fraud bigger than ENRON and needs to be investigated by the attorney general. Also register in COOPABUSE.COM to get info.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)

Forest Hills, Queens.
77 units, gorgeous art deco pre war that has been so terribly neglected for so long due to sponsor control!!!

The sponsors in our co op REFUSE to sell, and keep renting their units. They still own 50%!!! We need the AG's office and the politicians to pass a law that forces them to sell.

They keep our co op as a rental with strangers moving in and out and causing damages. I serve on the board, and my shareholders who elect me, feel they bought into a co op, not a rental. When we ask them at an annual or I ask at a board meeting, when they will sell, they say NEVER, and you can't force me!!

Please help!!!

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

hello,

unfortunately writing something in the memo section of your check doesn't offer you any sort of protection. as others have said, if you want to protest the arrears, handle that officially in writing with your board.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

hello,

unfortunately writing something in the memo section of your check doesn't offer you any sort of protection. as others have said, if you want to protest the arrears, handle that officially in writing with your board.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
Two items - Michele Feb 25, 2014

Hi all...

First question: We, the condo board, have decided that the best way for unit owners to understand what they can and cannot legally do in their home, and what their rights and requirements are, would be best addressed by a professional. We want to hold a special owners' meeting for this purpose. Anyone out there interested in doing something like this? Would this person be a lawyer or a seasoned condo board president?

Two: Is the unit owner or the condo board responsible for any minimal impact on ceiling seams or related when a building naturally settles a bit?

Thanks.

> Join the conversation Comments (3)

What have they been doing??

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

I am a seasoned board president and in my opinion you need an attorney that specializes in coops and condo's to do this. Every building is different. Their bylaws vary and the responsibilities of the owners vary. If you don't have a building attorney then search one out.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

OK...so can anyone recommend a lawyer who can do this?

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
Adding a name to a lease - Holly Feb 20, 2014

Our lease allows the apartment to pass - or be gifted to - a family mamber without any approval. I am wondering about just adding a name - ie if two parents own it and want to add an adult child to the lease and stock certificate. Anyone know about this? The lease does not restrict this but there may be another reason we do not yet know about. (and yes we asked a lawyer but the answer was vague.)

> Join the conversation Comments (2)

I can empathize with your attorney for being vague. Much depends on what the cooperative documents say or don't say.
For example, if the cooperative documents are silent about adding a co-member, the cooperative may take the position of requiring any person applying to be added to an occupancy agreement (proprietary lease) and share to pass the same requirements as any other person making an application for membership.
On the other hand, we know one co-op that adopted a simple and expedited application process for adding a person to the occupancy agreement/share if that person lives violation-free with the current member's household in the respective unit for a year or more.
To obtain clarification on the issue, would discussing this matter with your board or management firm be appropriate?

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)

They may take a position but I think it may be iambiguous. Family members do not have to be approved. Thoughts?

The mortgage is paid.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)

If family members don't need approval, and unless there is some other procedural obstacle involved, shouldn't your request be placed in a formal writing and submitted to your board?
Do you or your attorney anticipate a problem or potential problem with such a request?

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)

In my coop, we vet the person as if they were looking to purchase. In the event the current shareholder should pass away or move out, we need to know that this person can carry the mortgage, maintenance, etc. in lieu of the current shareholder.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Hi,

I am a co-op president in Inwood, in Manhattan. I would NEVER just add a name to a lease. There are too many kooks out there. Let me turn this on the other foot - would you want to live in building where screening procedures were relaxed? Would you want to raise your family there? I would think most co-ops buyers would say no.

Just have them apply like everyone else does.

Steve

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)

Hi Steve - the lease allows the apt to be passed to a family member without any vetting. Also a domestic partner. This question was soecifiically in regards to adding an immediate family member like and adult child - in this case the family member has been living in the apt a long time.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Hi Steve,
Our co-op charges $500.00 to change/add a name to the proprietary lease and stock certificate. I am told that this procedure has to done by the property manager. Since I do not get along with the PM., I would prefer to use my own attorney.

Do I have the option to use my own attorney or is it mandatory to use the the property manager?

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

If the parent(s) want to add their child to the stock certificate it would have go thru the buildings attorney, who would have to issue a new stock certificate with the names of all parties on the stock certificate. As for the lease if they are a shareholder their Proprietary lease only have the head of house hold on it. I don't think the board can do anything about who the shareholder puts on their stock certificate.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
More corruption at HPD - HPD & L&M Management - surprising the largest donors to Deblasio Feb 16, 2014

http://www.nydailynews.com/news/politics/de-blasio-affordable-housing-appointees-ties-developers-article-1.1616075

This needs to be exposed to everyone who lives in an apt. built by L&M Management.

> Join the conversation Comments (1)

Someone needs to do a story on L&M Management and follow all the money and complaints from the buildings. Are there any reporters following this blog?

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
Floor Pricing - Chris Feb 15, 2014

Have any of you had experience with initiating minimum share prices in your coops? My Board is discussing the topic and although we have read many articles on the subject both pro and con I have found nothing that indicates it works.

> Join the conversation Comments (1)

before you do it, check on your liability if you set a minimum price and the seller loses a buyer because of it. somewhere in the back of my mind, and i could be wrong, but I remember that if you do it, you must be prepared to buy the unit. I haven't researched this in a long time and are just going by fuzzy memories, but I do recall some legal responsibilities on the part of the co op.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)

You might be referring to the 'right of first refusal' where the coop has the right to buy the unit at the offering price. Not sure if this takes precedence over an offer from a buyer. Should be in your proprietary lease if it applies. A sale well below market value has an effect on future sales as it becomes a value for a 'comp'erable sale, used to compare prices for similar apartments. Most coops claim to have the right to refuse a sale for any reason or no reason. In my experience, the boards pay most attention to the financial aspects of the sale. No one wants to deal with a non-payer, evictions or foreclosures.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Right of first refusal is a method boards can use instead of setting floor prices. It is generally used by Condos and is included in their bylaws. For a Co-op board to acquire this power it must be voted on by a majority of its shareholders, as an amendment to its documents. If you are so sure that an apartment is worth more than it is selling for the board can buy it and sell it for a higher price, that is assuming they will get a higher price. In other words put your money where your mouth is. What I am interested in, is hearing from Board members that have instituted floor pricing and finding out if it worked for their Co-ops. Did the value of their shares stay at a desired level, go up, or are apartments languishing on the market looking for buyers as I have read in many articles? Thanks.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
I live in a leaky BFC constructed HPD coop - I live in a leaky BFC Constructed HPD coop Feb 09, 2014

Looks like Deblasio's biggest donor L&M management/bfc construction will end up working in housing for this administration.



http://politicker.com/2014/02/de-blasio-appoints-members-of-housing-dream-team/

> Join the conversation
Conteroffer of Unit Sale from Board - NorthBdwyWestchesterCoop Feb 07, 2014

Recently a shareholder, in deep arrears, presented an application for an all-cash deal to sell her unit. However, the unit price is well below market value and not competitive with other cooperatives in our area. Also, the applicant is "between jobs". Although the cash inflow would be welcomed, is the Board in a position to present a 'counteroffer' to the shareholder (ex. increase asking price & request a certain number of months in maintenance in escrow to cover any prolonged unemployment)? If anyone has any experience, please share. Thanks!

> Join the conversation Comments (1)

I'll answer by telling you what our board has historically done. It is a two part answer. In terms of the escrow, our building has done it anytime we have reservations about borderline finances. We basically tell them they are approved subject to agreeing to put in escrow X number of months. We also tell them that they are welcome to request the escrow be refunded, however, not before at least one year has past. In terms of the price, our policy is to not tell people how to make a deal happen. We only approve it or deny it. We were advised that once you begin to give other information you are increasing the risk of litigation. In your case you would basically be saying that we aren't going to approve your sale because we don't think the price is high enough. We were told that is a valid reason to turn down an application, however, if you tell them, you open the possibility of being sued over whether you have the right to decline on that basis and whether it is good business judgment.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)

Thank you for your input! The Board did decide to decline the application based on the reasons explained in the original posting. The shareholder is quite upset, however we explained it was the best decision made on behalf of the corporation.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
SAPARN - Alfred D. Feb 05, 2014

Do we have nothing to say about this company and the arrest of one of their principals????

> Join the conversation Comments (1)

I, for one, believe this is a stark reminder that boards need to be aware of everything going on!!!!

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)

Since this corruption is so widespread - how did they get caught and how can we stop this in our own buildings??

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)

Letting the media know that the AG refuses to do anything about violations of the BCL would expose how hard it is to expose corruption.
Giving everyshareholder that wants acess to the coops banking and financial online records would stop embezment and funds that are missing or are being diverted to private acccounts #coop #apartm #fraud

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

The only thing that will make a difference is to organized and fight together, That is why we created COOPABUSE.COM to have a common database to fight together. We are meeting us an organization COOPERATIVE COMMUNITY ORGANIZATION. I, like many of you, try to bring up the abuse but politicians kept on telling me it is an isolated incident. Well, it is not, our website gets 2 to 3 thoughts hits every month. There are a lot of people out there. We are meeting with politicians these month and next month. If you want to your problem to be listened by the politicians we need to bring it up as a group. register in COOPABUSE.COM to stop these abuse and to make the AG to listen to us. Also email me at ROSA.NAZAR@GMAIL.COM. if you can't attend the meetings just email me you problems and I will bring it up at the meeting. For details of the meeting email me.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
Any board members interested in fire safety? - Frank Lovece Feb 05, 2014

For an upcoming HABITAT article, I'd like to speak with board members to get their thoughts on fire-safety regulations. Given the recent fire death at a midtown condo, are we communicating to our residents as best we could? Was this death preventable? Could boards do more to educate homeowners? What do board members think? Send contact information to flovece@habitatmag.com in the next day or so if you'd like your feelings known.

> Join the conversation

1... 67 68 69 70 71 72 73 74 75 76 77 78 79 80 ... 221

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.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Powered by eZ Publish™ CMS Open Source Web Content Management. Copyright © 1999-2014 eZ Systems AS (except where otherwise noted). All rights reserved.