New York's Cooperative and Condominium Community

Habitat Magazine June 2020 free digital issue

HABITAT

Subscribe for Daily Updates!
COVID & apt. elevators - DP Jul 15, 2020

Hello,

Does anyone know if there are any new, specific (and legal?) requirements, guidelines, rules, etc. about the following?Knowledgeable answers please.

My 55-unit coop has a small (less than 6' long), old, kind of dirty elevator, with no fans, no moving air, etc. I know the supers are cleaning the surfaces, hopefully daily. But it has a nasty rug on the floor—I've been advocating its removal for years now, to no avail.

But this is the bigger problem, and my question: Yesterday I encountered two different individuals (one going in, a different one coming out) using the elevator without wearing a mask. I then had to enter the elevator immediately afterwards. I was uncomfortable doing so and felt unsafe. Has anyone seen any references to this anywhere?

Thank you!

> Join the conversation
BCL 727 Conflict of Interest report - PhilC Jul 14, 2020

Hi,

I am have been shareholder in Manhattan co-op for over 5 years, and I have never once received a conflict of interest report.

Is this normal? It seems like these have been required since 2017, whether or not conflicts of interest exist? I am aware that there is apparently no auditing / enforcement of this requirement whatsoever (!?), so I am wondering of most co-ops are providing these, ignoring the requirement altogether, or something else?

I plan to raise the matter at our annual meeting, requesting that these be provided for all years up to the present, is there anything else I can do beyond that to have these produced by our board?

Thanks

> Join the conversation Comments (1)

My understanding is that the Board needs to submit a conflict of interest report that covers the entire Board's activities. At least that's how we've done it.

I have never heard that our shareholders are supposed to receive a copy of this report. It's supposed to be on file with the proper authorities.

I don't know why you'd say that there is no auditing/enforcement of this requirement. Just because you haven't received the report doesn't mean it hasn't been done. None of our shareholders has ever received this report.

The filing of this report is now the law, so any responsible Board should be in compliance.

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)

Interesting - I had understood that the requirement was to provide the report to shareholders themselves:

"submit an annual report to the shareholders, which shall be signed by each such director"

https://www.nysenate.gov/legislation/laws/BSC/727

When you say "on file with the proper authorities", can you be more specific? Would that be the NY Attorney General, or some other body?

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)

There is a podcast on this site by Braverman Greenspun titled
"What does the new disclosure law mean for my board?" also: https://www.habitatmag.com/Publication-Content/Legal-Financial/2018/2018-January/Conflict-of-Interest

I was also curious about this since i have never received this report either

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
Who is Responsible for Star Corrections - NYC Jul 01, 2020

Hi,
I am currently receiving Enhanced Star and Senior Citizens exemptions. I filed my paper work in November 2019 and again because the D.O.F. did not receive the copy. I also sent all the information on line but was told to send the original copies.

The problem was that when I purchased the co-op it was in my name. Then I got married. It is not mandatory to put my husband’s name on the certificate of occupancy.

All of my other legal documents are in my married name including my taxes. My husband has since passed away, prior to his passing, I was receiving the Enhanced Star and co-op Abatement, only after his passing did I apply for the Senior Citizens exemptions.

I sent all required paper work including original death certificate and marriage license and letter explaining why the co-op name and name on my tax forms were different. I received an acceptance letter that I was entitled to these benefits and requested a break down.

Everything was going fine until today. The co-op manager left a note in my mail box that I will lose my benefits unless I call the number provided because they never received the paper work.

I called and reviewed all the information with the representative but she was not able to email me conformation however she did provide me with a registration number.

We have multiple lots and block# that are listed on this letter and I think the manager is passing the buck to all recipients of these exemptions rather than do the research himself. Now he says he cannot do anything without a letter from the D.O.F.

Is this the responsibility of the shareholder or the management company? I thought these adjustments could now be handled on line by the Management company

Thank You


> Join the conversation Comments (1)

Hi -

I'm sorry for the aggravation you're going through with the exemptions. Between lost documents, name inconsistencies, and dealing with the DoF in general, it can get very annoying.

To answer your question about responsibility, in my opinion (and I am not a lawyer) individuals who receive tax abatements are responsible to make sure they properly qualify. In the case of STAR, Senior Citizen, R/E tax, and other abatements, you receive the abatements from the DoF and not from the co-op. Your co-op acts as a sort of agent and pass-through for the DoF to get the funds to you.

In my building, the managing agent works closely with shareholders to resolve problems with abatements, but they are not required to. It's a service we ask our MA to perform.

I agree it sounds like your MA is giving you the runaround. My first suggestion would be to contact your board president or other board member and explain the situation to them. Ask for their help with making the MA more responsive.

You might also try contacting the owners of the other co-ops listed on the MA's letter. The more aggrieved shareholders who are involved, the more leverage you all will have.

You need to try to stop the clock if you're up against any deadlines. Call the DoF (or see if there's anywhere online) you can enter your registration number to confirm any deadlines and ask for an extension.

Best of luck to you,
--- Seve

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)

Thank you steven. I did send an email to the D.O.F. With the reg # I received from the person I did speak to. I included a copy of the acceptance letter, and mailing return receipt. I also reached out to a board member so I guess there is nothing left to do but wait for their responses. The M.A. omitted the other owners names and unit 's and just put my name and unit number on the form. I guess it was an oversight that he left the other block numbers. Thanks again :-)

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,
I don’t know who is giving you the thumbs down. I think you have a crazy stalker named Connie.

Just want you and all the other contributors to know I appreciate the advice I receive from this site.

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)

Personally, I don't think there should be a rating system on a FREE site, where people are giving their time and sharing their experiences.
:-)

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

Thanks, NYC. I think of it as simply returning what I received back when I first joined my board. I didn't discover Habitat and these forums until a few years later, but CNYC with their monthly newsletters and annual symposiums were invaluable in the beginning.

As for a stalker... At my age, I never imagined I'd have my very own groupie. Kind of honored, and tickled. ;-)

Stay safe.

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
elevator consultants - EES Jun 23, 2020

Hello,

My building is intending to modernize our two elevators. We would like to use a consulting firm to help us manage the product. Sierra Consulting looks promising. I am wondering if any other buildings have experience with other independent consulting firms that they would recommend?
Thank you

> Join the conversation Comments (1)

We used Vertical Systems Analysis and thought they did a good job.

307 West 36th Street 8th Floor

New York, NY 10018

T: 212.989.5525

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
Certifying attendance at Zoom-based annual meeting? - Carl Tait Jun 15, 2020

Like many co-ops, we are holding our annual meeting via Zoom this year. A question for those who are doing the same thing: how do you plan to certify attendance to prove you have a quorum? Usually, we have a physical sign-in sheet, plus proxies for those who can't attend. Proxies are still provided, of course, but what sort of virtual sign-in sheet is recommended for people who are attending the meeting live? Is visual recognition of someone you know sufficient? ("Oh, I see that Bob has joined the meeting.")

> Join the conversation Comments (2)

Answering my own question, after a followup discussion with our managing agent and other board members: we're going to have the Secretary do a verbal roll call and record attendance from that. This works for us because we have only 33 units in our co-op, but I can imagine it would be onerous for larger 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

Check out Item #3 in this article to see if it suites your requirements

https://zapier.com/blog/zoom-tips/

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)

Thanks for the pointer to those Zoom tips, which can help automate the roll call and automatically record participant info. For our meeting next week, we may use both a traditional roll call *and* the Zoom-supplied techniques as a backup.

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

You're welcome and good luck. If you come up with something that works, please post it here. I'm sure it will help others with similar needs.

--- 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
emergency hallway lights in 6-story building - DP Jun 13, 2020

I'm seeking a knowledgeable, professional answer, please:
What kind of energy source is required for the emergency hallway lights in the event that the electricity in the entire building shuts off? (approx. 50 apartments)
• Auxiliary generator of some kind?
• Batteries?

Also, whose responsibility is it to ensure that those lights are up-to-date, up-to-code, fully functional, etc.?
• the super?
• the building management?
• the FDNY?
• HPD?

Thanks so much!

> Join the conversation Comments (1)

I am definitely not a professional but do have some knowledge on the subject, so please take my answer for what it's worth.

Most hallway and other common area emergency lights are self-contained units. They rely on an internal rechargeable battery (lead-acid, like a car battery). They are wired into the building's 110V A/C power so they are constantly being charged. If the power goes off and the unit no longer senses the 110V, it automatically kicks over to battery. I think units may be obtained with different guaranteed minimum run-times, but I am not sure of this.

I'm assuming you live in a co-op or condo, so as for who has overall responsibility for the proper selection, care, testing, and other maintenance, the co-op or condo board does. The board can and almost always will engage the super, managing agent, or third party contractor for the hands-on requirements. But if the FDNY does an inspection and finds emergency lighting deficiencies, the violation will be written up against the building's owner and it will be the board's responsibility to cure the defects.

I hope this helps,
--- 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)

Thank you Steve. That's helpful. Yes, a coop.

I may have misunderstood the intended purpose of the emergency back-up lights. I thought they were supposed to stay on, or at least be light-sensitive so they would come back on again after dark if the electricity was still off.

But a firefighter friend told me they were only supposed to be on at the beginning of the emergency (when the electricity cut off), e.g. to help people get out of the building. (But then what?) So they may have worked as they were supposed to, but it still seems dangerous to me.

Do you know anything about that, or where I can look for the info?

Thx.

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 DP - As your firefighter friend explained, emergency lighting is used for emergency situations, such as helping to evacuate a burning building. It is not intended to be used for normal residential illumination. I'm guessing that people would not be allowed back into a building until the FD has certified it safe for occupancy. This would include appropriate lighting.

In the event only a part of the building was damaged and the rest could be legally occupied, it would be the responsibility of the building owner to make all repairs to damaged or destroyed common systems, such as electricity and lighting. I would surmise the FD would not allow re-entry until everything was back up to code.

Emergency lighting runs on battery, which has a limited rated illumination length. Once the battery is depleted, it would need to be recharged before being used again.

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)

Thanks again, Steven.

It was an odd emergency (Con Ed failure which affected a few buildings)—one outside of the usual definitions and parameters. There was no damage to the building, and no one was required to leave. I guess this was just one of those events that buildings really aren't prepared to handle—especially in an economically challenged neighborhood where the thought of going to a hotel didn't even cross my mind... and in the middle of a pandemic where we're mostly sheltering in place.

All seems OK now. Con Ed had to replace cables going into the buildings.

Thanks again!

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
What if Coop Residents Don't Comply with Quarantine? - BBCA Jun 03, 2020

What recourse does a coop board have against residents (shareholders and sub-tenants) who refuse to comply with state regulations concerning masks and social distancing? Is this a violation of law that permits the Board to impose fines? Is there any thing the Board can do short of calling the police or seeking to terminate the lease?

> Join the conversation Comments (1)

You can pass a house rule that covers mask-wearing and social distancing, in either a specific or a generalized way. You might want to ask your attorney for guidance on the phrasing. Afterwards, anyone who fails to comply is violating a house rule and is subject to whatever penalties your Proprietary Lease allows for breaking house rules.

A difficulty our attorney warned us about in the past: authority to impose fines must originate in the Proprietary Lease. So your board may not be able to impose a fine even for egregious violations of house rules.

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
rental or coop - pierogiz May 16, 2020

hello. i live at 32-05 81st street in east elmhurst. this building is registered to the city as a coop and my lease shows that i am subletting. the building apparently went thru a coop conversion in the late 80s and as far as i have seen. everyone is a renter from xyz management corporation. the building doesnt have a coop board and i was wondering if this is legal. there are many issues in the building and individual apartments that the landlord doesnt address. are there any rules or laws that are broken by this building not operating as a coop but registered as one with the buildings dept?

> Join the conversation Comments (2)

Hi pierogiz - Co-op apartments are a special type of of lessor/lessee arrangement that works like this. From a business organization perspective, a cooperative apartment building is owned by a unique form of not-for-profit corporation. This corporation owns the land (in most cases) and the building(s) outright.

When you "purchase" a co-op apartment you are actually buying shares of stock in the co-op corporation. At your closing you should have received a formal printed stock certificate showing how many shares you own and a copy of the corporation's Offering Plan. These are two key documents. If you took out a mortgage, the originator is given the stock certificate as collateral for the loan.

In exchange for owning the shares of stock apportioned to your unit, the co-op corporation grants you a Proprietary Lease. This is a special kind of lease that is similar to the lease you would sign if you simply rented your unit from a landlord.

Someone who owns a co-op apartment is both a shareholder in the corporation and at the same time is a leasee of the corporation. The terms "lessee" and "renter" are often interchanged, so you might be referred to as a renter.

To determine if you are a co-op owner or simply renting your apartment, think back to when you first signed a lot of paperwork and received the keys. Was it at a formal closing? Did you take out a mortgage? Did you pay one large sum at the closing or do you pay monthly rent to your landlord? Were you given an original or photocopy of a stock certificate? Do you remember receiving a copy of a thick document titled Offering Plan.

If your answer to these questions is "yes", you are most likely a co-op owner. If all you did was sign a lease and handed over a security deposit you are most likely a renter.

Once you determine what you are, the rest of your questions will fall into place.

Good luck!
--- 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

Hi,

On the D.O.F. website
https://a836-acris.nyc.gov/DS/DocumentSearch/BBL

Using block: 1177 and lot 1, for your address, it shows some units listed as a co-op, while others as apartment. ???

While renters do not have the same rights as owners,
maintenance issues should absolutely be addressed and resolved.

The Business Corporation Law states Co-Ops are required to hold annuals meetings and have a board of directors.

As a renter, you don not have any rights to vote, however if the management company is not responding to your maintenance needs, you would at least be and to reach out to the board

(602)
"A meeting of shareholders shall be held annually for the election of directors and the transaction of other business on a date fixed by or under the by-laws.  A failure to hold the annual meeting on the date so fixed or to elect a sufficient number of directors to conduct the business of the corporation shall not work a forfeiture or give cause for dissolution of the corporation"

You might try and contact the department of finance for assistance or call 311. I have found Marcel Dixon to be very helpful.

Marcel Dixon
NYC Department of Finance│External Affairs
212-602-7050

DixonM@finance.nyc.gov



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)

I definitely rent my apartment, however, I think the landlord doesn’t have a functioning coop board at the building as everyone is a renter... how do I. Find out which apartment is still under rent control in the building and actually physically go and speak to those tenants to see if they are under rent control

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)

N.Y. Attorney General

https://formsnym.ag.ny.gov/OAGOnlineSubmissionForm/faces/OAGREFHome;jsessionid=y44nathAXmNrxUAjlP9uVF7ZZE0QceOF9WS6_mUsdQQG6bJAjs0z!2126564131

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)

Hope this helps....

https://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2008/2008-December/Renters-Rights-in-Co-op-and-Condo-Apartment-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
Can my board legally charge odor fee? - Lucy May 15, 2020

I own a co op apartment in the county of Westchester, NY, which I am currently subletting to a young couple. Apparently, the couple vape Marijuana and some neighbors have complained. I resided in that apartment for over 15 years and people have always smoked and now suddenly this is problem. I am totally against vaping but that is irrelevant. I have discussed this situation with my tenant since the first complain received from management and he apologized, owing up to it. A few month later, there was a second complain, and he again apologized. There was a third time, which he denied. My board is now charging me $800.00, a fee for odor issue. Can my board legally charge this fee?

I am feeling discriminated and targeted. A few weeks ago I went to the building to visit a friend whose apartment is located at the rear side of the building, which has its own entrance .To my surprise the smell of Marijuana was present. When I spoke to the board about this, they stated that no one has complained therefore they don't have any report on file. In other words, there is nothing they can do. Please advice!

> Join the conversation Comments (2)

Question: Does your renters have a Medical Marijuana card? If yes your board can not say anything nor charge you for odors. Building has a # of odors Like cooking, smoking and painting and construction.
Medical Marijuana (Vaping does not smell ) nor does vaping smoking cigarets I know this for a fact.
Sounds like someone doesn't like your renter. Before you fight this check if they have a medical card. The board can not charge for something that is legal. Good luck and let us know what happens.

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

In addition to PC #1's good suggestions, I would recommend you check your co-op's House Rules for a no-smoking clause. One might have been added recently, although as a shareholder you should have been notified at the time.

Co-ops and condos must abide by a Warranty of Habitability. This is law which states in effect that in multi-unit buildings, it is the responsibility of the landlord (or co-op board or HOA) to insure each unit is habitable. You should check the Warranty of Habitability for Westchester to understand exactly what it says.

Second-hand smoke of any sort is the major habitability complaint. It sounds like in the building you visited, everyone was cool with the marijuana smoke so no one complained. In the building housing your sublet unit, some shareholders are not so understanding. But they will most likely prevail if this becomes a legal matter.

I don't think you or your sublet are being targeted. The fact your sublet smoked a second time after being warned affects his credibility. If a unit owner once again smells MJ smoke, it is not too difficult for them to arrange with a board member to visit the unit owner's apartment while the MJ odors are present. The board also has the right to enter your sublet's apartment at the same moment in time to sniff for tell-tail traces of MJ smoke.

The best thing you can do is warn your sublet against smoking anything. Period. Then be proactive. Notify the board that if they receive another complaint, you would like a board member to immediately visit your unit to see if any aromas are present. Incense and other aromatics will only decrease credibility further.

Please be aware that I am not an attorney, and what I wrote above is worth what you paid for them.

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
Beware of Digital TV service providers bearing bulk contracts! - Steven424 May 08, 2020

I was recently approached by a digital TV provider offering my shareholders a spectacular package discount, provided all my apartments signed up for their service.

A quick perusal, and I learned that if less than 75% of my apartments accepted the offer, my Co-op would have to make up the difference. Basically, all maintenance-paying shareholders who did not sign up for the new package would be subsidizing the remaining few who did.

We'd been approached in the past with similar offers, and it's amazing how they've become more bloated, like a sponge in water. The package in place when I became treasurer 12 years ago was for two years. The replacement package I rejected was for three years. The offer that was given to me this week was for five years.

Five years of being on the hook to an increasingly obsolete service delivery technology. They must be reading the same articles I do:

https://www.fastcompany.com/90466112/look-how-far-cable-tv-has-fallen

My building is wired for both cable and fiber optics, so we have the luxury of competition. If your building bundles DTV services into maintenance and all shareholders are required to pay for them regardless, then the discount packages may make sense. But if services are optional, and shareholders can opt-out, be very very careful of what you commit to.

Caveat Emptor!!

> Join the conversation

1 2 3 4 5 6 7 ... 195

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.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?