Outdoor space, whether communal or private to individual units, has always been at the top of the most-desired amenities list for condominium and co-op purchasers. A small terrace or balcony can add hours of quiet enjoyment to apartment li…
Outdoor space, whether communal or private to individual units, has always been at the top of the most-desired amenities list for condominium and co-op purchasers. A small terrace or balcony can add hours of quiet enjoyment to apartment li…
Q. My condo association has five board members. The term of service is three years, which is clearly stated in our governing docs. Our association was to have an election in November 2020, for three seats. Their three-year terms were endi…
Exterior maintenance and repair are some of the most extensive—and expensive—work that a condo, HOA, or co-op will undertake; they’re also unavoidable. So when planning such a project, two important factors should be considered: The first i…
You may have heard that thanks to cooperative corporations being included in the new federal Stimulus Bill passed at the end of December, residential co-ops can now obtain loans under the Fed’s Paycheck Protection Program (PPP). While this …
The board of any residential community has two prime directives: to maintain the financial health of the association, and to maintain the structural health of the property. Both require a broad array of knowledge — much of which the averag…
As we all know - and are probably sick of hearing at this point - the past year has been a time like no other. Many of us who regularly work in offices have been working from home, many for the first time. Does that qualify us for the same…
Q. I have lived in my condo for more than a decade, and every winter, I (and a couple of other owners) have fed the birds with no problems. Watching the birds has been a comfort to me, especially this year with so many other activities li…
When one buys a private single-family home, it’s clear who the king or queen of the castle is: the homeowner. When it comes to condominiums and cooperative apartments, however, the relationship between owner and property is a little more co…
While residents generally like the idea of community that living in a condominium or co-op provides (that’s why many opt for this type of ownership), few are as excited about the idea of serving on their community’s governing board, or on a…
Condos and co-ops are unique in their management structure, of which there are two levels: the board of the association or corporation, which governs the community on behalf of the unit owners or shareholders, and a hired management agent, …