Should the board send to shareholders the buiding's architect report? We had our nyc facade inspection. There will be an assessment for the required work. Board is split on whether to send the report. On one side the view is to keep shareholders informed and to let them see exactly the scope of work. On the other hand, these reports are for management and the board to review. If shareholders want to see every bit of information passing through management and the board, they should run for a seat on the board.
My six years on the board has shown me that shareholders want to micro manage the board, they loosely toss around the term " transparency" and they want to see documents that fall outside of what non- board members have a right to see - at every annual meeting the same people "make many demands" but never run for a seat on the board.
It seems board has to spoon feed every detail of its decisions and activity. Where and when does the board say "no" to every request.
This was in the NYT in 2011 - does anyone know if it is still true?
The Installation Of an Air-Conditioner
Q I am a tenant in a five-story rent-stabilized building. My landlord informed me in a letter that the law requires me to hire a licensed contractor to install a bracket under my small window air-conditioner. There is nothing about this in my lease. What am I required to do by law?
A Jonathan H. Newman, a Manhattan real estate lawyer, said that while all air-conditioners must be installed in a “safe, stable and secure manner,” no particular installation method is mandated other than for machines larger than 36,000 B.T.U. But because an improper installation can expose both landlord and tenant to personal liability, it’s in everyone’s best interests to ensure that the unit is securely attached. More information can be found on the Department of Buildings Web site at www.nyc.gov. (Search for air-conditioner installation tips.)
This was in the NYT in 2011 - does anyone know if it is still true?
The Installation Of an Air-Conditioner
Q I am a tenant in a five-story rent-stabilized building. My landlord informed me in a letter that the law requires me to hire a licensed contractor to install a bracket under my small window air-conditioner. There is nothing about this in my lease. What am I required to do by law?
A Jonathan H. Newman, a Manhattan real estate lawyer, said that while all air-conditioners must be installed in a “safe, stable and secure manner,” no particular installation method is mandated other than for machines larger than 36,000 B.T.U. But because an improper installation can expose both landlord and tenant to personal liability, it’s in everyone’s best interests to ensure that the unit is securely attached. More information can be found on the Department of Buildings Web site at www.nyc.gov. (Search for air-conditioner installation tips.)
I've been reading different rules/opinions on the ability of shareholders who are in arrears to vote in an election. One blog, which was posted here at one time, indicated that shareholders cannot be excluded based on 'class' per the NYS BCL. However, I'm reading samples of special meeting notices which exclude shareholders who are more than 2-3 months in their maintenance from participating in any election. Would someone please provide some clarify regarding this situation - a real estate attorney or experienced board member would be greatly appreciated!
> Join the conversation Comments (1)Hi, looking for recommendations for a brooklyn property management company: new construction; 68 unit; live in super; 12 hour security company.
> Join the conversation Comments (1)Our coop sent out an "addendum" to house rules stating you may have a home occupation but no foot traffic not even for music lessons. This is in direct conflict to the lease which says that zoning laws dictate what you can do. Zoning laws (in NYC) say you may give music lessons. I just wanted to get this out there in case any other coops were trying such nonesense. Check your lease!
> Join the conversation Comments (2)
We are a small 12 unit co-op with a five member board. Coop formed in the early 80's by residents in the building. Building is changing drastically, mostly for the better. But because of the small size and almost 1/2 the building serves on the board, I'm uncomfortable sharing and viewing people's personal finances - not so much on new sales but on refinances, loans etc. I know board has a fiduciary responsibility but feel people on the board are neighbors and word does spread about people's finances. I've tried to get the board to just have Finances submitted to building's accountant and get his/her ok. I haven't been successful.
People, both friend and foe view others personal finances in unsettling ways.
How can shareholders who have been in building for years be protected against 1/2 thier neighbors knowing thier personal business?
The building next door to us had a bad fire recently. Some of our shareholders got smoke/soot seepage into their units and they claim they still smell and have bad air quality even after their insurance companies sent in remediation teams. It's migrating through the party wall between our building and damaged one, as well as from our common areas. They are demanding to know what the BOD's are doing in terms of remediating the common areas and cleaning venting system of our building. What should we do? Thanks.
> Join the conversation Comments (1)
Liar,liar pants on fire. What's a board to do when shareholder insists they did not know the "rules" or that they were not informed about policies. I can't tell ou how many times I've heard shareholders state they aren't "paying a fee" or that they did not know the house rules. The board now gets signatures whenever housrerule are distributed but in some cases spouses who don't sign off or attend meetings claim they "didn't know". Most recently a " repeat offender"of this "didn't know wont pay " claimed once again they were not informed prior to moving out there would be charges. ( part time super has to run elevator for moves). In the past people would pay directly to the super. But, over the past 6 years people just don't want to pay. So, now charges that fall outside of building charges (ie, using super for personal work, running the manual frieght, and other non-coop charges).
This shareholder sent a rather punitive message to the board stating once again they did not know there were fees involved and that fees like this shoukd not go on maintenance reports as late fees get incurred.
There was a mistake made in the billings to the shareholder. The super's fee was correct but materials he purchased to protect flooring, ect was also bilked to shareholder. The protective materials belong to coop. The bill will be corrected. But, shareholder now stated the super was only working 2 hours not 4.
Again, I want to state this is a repeated offender of stating they were not informed. I am the only one on the board that feels we shoukd inform this shareholder that 1) they were notified of the moving protocols in an email.
We have proof in the form of an email that was sent to both the repeat offender and spouse and managing agent. 2) that moving protocols and fees are in the house rules which were acknowledge as receive by spousal signature. 3) billings for super fees go o. Maintenance billings that's just the way it is.
I say these liars must be confronted with the truth! My colleagues don't want to stir the pot.
Frustrated. I feel like board becomes people's servants and that they must always get their way.
Do any of your boards have a policy about who can see security camera footage, access key-fob data, etc.?
If so, or if you have opinions on this, please contact HABITAT writer Frank Lovece today or tonight at flovece@habitatmag.com
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You need not spoon feed. Just set the plates of information at the shareholders table and let those who are hungry pony up to the bar. If there's nothing to hide why try? Excuse for privileged vs. underprivileged? Information is power, share it!
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