The super may be every building's go-to guy, but you may not want him working on everything. Nonetheless, old habits are hard to break: Co-op shareholders and condo unit-owners generally rely on them for help in doing everything from changing a light bulb to renovating a kitchen, work that's generally outside the scope of the job.
The biggest problem is that if a super doesn't have his own insurance for such side jobs, the building is liable for any problems that occur during the work. Even using the building's tools or ladder could make the cooperative or condominium a party to the lawsuit. In fact, insurance companies and lawyers frown upon the practice of side jobs since it comes with such liability.
What is the optimal time to sell your co-op or condo apartment? When you're ready to move somewhere else? No! For a surprisingly large number of people, reports TheRealDeal.com, it's when your neighbor has just sold his or her place for beaucoup bucks and raised the sales-price benchmark — because there's an inventory crunch right now, the article says, with more people wanting to buy apartments than there are apartments to sell, driving prices up. And in neighborhoods with new buildings that are about to begin sales, a contributing factor is existing owners deciding they'd better unload their places before there are a plethora of apartments in the pipeline.
Your new managing agent wants to get familiar with your staff, but finds no reference letters or much else in their files. So the agent suggests to the board it might be prudent to do belated background checks, since without them the building's families will never know of potential dangers until, perhaps, it's too late. But you're reluctant, since you don't want to create bad feelings, or give the impression you don't trust the staff. And anyway, it's a union building, and background checks on existing staff aren't allowed. Or are they?
October 14, 2014
When preparing for an annual meeting, it's important for condo and co-op boards to focus on "election administration" — notice of meeting, the proxy, voting for board members and counting the vote.
October 13, 2014
A READER ASKS: Our small co-op is undertaking a façade restoration, and we're wondering if we should include the balconies within the scope of work. Many of the balconies have cracks and stains, and some have what look like icicles on the undersides that drip water. In addition, the metal railings are showing signs of wear. Most of our balconies are covered with an artificial turf and have aluminum covers along the edges, so we're hesitant to rip up everything if we can get by with fixing the loose railings and patching the undersides. What should we do?
It's an all-condo / co-op edition of Ronda Kaysen's "Ask Real Estate" column this week in The New York Times, with questions covering staff, a renovation and not being able to collect common charges from a dead guy. The first query wonders about the difficulty of switching from a union staff to non-union, the next about who's responsible for renovating a departing super's apartment — the answer not as obvious at it may seem — and the last about a late unit-owner and a condominium apartment for which no one appears to be a successor owner, and so can the condo board rent it out? There's an odd theme of loss and decay running through the column this week. Perfect for autumn!
October 10, 2014
Many co-ops and condos have public websites. Many more have internal websites where residents can schedule repairs, read building documents, pay their monthly charges online and do myriad other things. You know what most co-ops and condos don't have? A building-specific social network platform — sort of you and your neighbors' own private Facebook. So, filling that gap is the recent startup MyCoop, which says that 341 buildings so far have signed up for the free service. Its founders say they "believe that the more neighbors talk to one another the more great things will happen. For example, your old couch could be someone’s new couch, your solitary childcare could become endless playdates." Because laundry-room bulletin boards and chatting in the lobby are sooooo 20th century.
Dean Starkman, a board member of a 12-unit Brooklyn Heights co-op. negotiated with a lender to refinance the mortgage on his apartment, a fairly routine affair. He had assembled all the required paperwork and, he recalls, "the last piece of the puzzle was our certificate of good standing as a corporation." At that point, the lender informed Starkman it was putting a hold on the deal because the co-op's corporate status had been revoked. How could that be?
Written by Seth Sahr on November 29, 2012
In large co-op and condo complexes with several fulltime staff members such as supers and porters, it is quite common for those employees to pick up extra income on the side by doing work for shareholders. While this has its benefits, such making for a happier staff and giving residents easy access to reasonably priced labor that they can trust, it can lead to trouble if it is not properly monitored and supervised.
A READER ASKS: It's really beyond time for our board to enact a pet policy. We've been putting it off, but buyers are asking questions. We know it's going to be a hard road. What can we expect?
HABITAT ANSWERS: Few things are more contentious for a board than balancing the needs of pet owners and their non-pet neighbors. On the one side, animal lovers speak of their dogs — and that is universally the issue (cats, fish and often birds are essentially given a pass) — with almost religious fervor, mentioning unconditional love, emotional support, and lifelong bonds. The other side is usually filled with words like "property values" "bite," "dog crap" and "the constant smell of urine."