It is not easy being a trustee. There are meetings to attend, documents to review, decisions to make, and neighbors to mollify. There are also a number of rules and regulations that must be followed in order to ensure that the individual an…
Everyone can use a little help now and again. The residents of condominiums, co-ops or homeowners’ associations are no exception. There are tons of tasks that just cannot be left up to the board or residents, who are busy people themselves,…
Owning a unit in a multifamily co-op or condo carries a great many benefits in the form of shared responsibilities, but it also requires compromises along the lines of control: what your board, management, and building staff can or cannot d…
A condominium, cooperative or homeowners’ association thrives or falters based on how all of the various stakeholders involved can come together in effort to achieve a common goal: the maintenance of a successful and stable residential comm…
Just as it was last year, the real estate market, including the market for co-ops, condos and HOAs, is on an upswing. The economy seems to have largely (if not completely) recovered from the 2007-08 recession, and professionals don’t see an…
Q. At the most recent open board meeting, seven contracts were approved by the HOA board. Some of the contracts were not put to competitive bid. The board indicated that these (including snow clearing) were “renewals,” and that the board…