Does anyone have experience in selling or renting a super's apartment ?
We are a relatively small coop in Brooklyn and looking at this as a potential source of revenue.
Any guidance regarding legality and NYC regulations would be appreciated.
Our Occupancy Agreement (Proprietary Lease) has a Section with rules on paying the monthly fee and voting rules for increasing fees. The ByLaws nowhere mention Shareholders obligation to pay their share of expenses.
The Board is considering simply moving the Occupancy Agreement clause into the ByLaws.
Is that the correct move? What is the standard form on this subject for the Bylaws, if any?
Hello All,
In our Co-op we have some board members who are now proposing that non-resident shareholders not be able to vote at all in any matters.
I understand that non-residents can be restricted from becoming board members or officers but is it legal to take away all of their voting rights?
Thanks in advance for any answers.
Some of the doormen in our UWS cop do not help carry bags for some residents but do carry them for favored residents. They make a point of sitting and doing nothing for the residents they do not like or have a vendetta against. The management has been told but the situation does not change. We have one or two doormen who will also not open the door for nannies and housekeepers.
What can be done?? It is terrible.
In the past, certain maintenance work was not done in our building because some board members said that they, personally, could not afford to pay for it. So some work, such as re-painting common areas where paint had flaked off, was never done. Is this an example of the board members not fulfilling their fiduciary duties? If so, how should this be addressed? It seems that New York State requires that board members act as fiduciaries, but it would help to have clear examples (via written articles) of what is entailed in service of that duty. Thanks.
> Join the conversation Comments (1)
Good Afternoon,
Is it appropriate or necessary to send thank you notes to the residents who gave me money this Christmas?
Any feedback would be welcomed.
John
My co-op has outdoor parking. The contract states "park at your own risk". The Parking area has grass and some trees that are maintained as well as the pavement areas. Over the years, trees have been removed, however I do not know why. There is one area where there is a big old tree. In the summer the cars in that area are inundated with bird droppings and in the winter the squirls have been eating the wires and the repairs are extremely costly. I wanted to know if removing the tree, would be the co-ops responsibility. Thanks in advance,
> Join the conversation Comments (1)What are your thoughts on board members at times touching/fiddling with co-op wiring and boiler rooms? I found out a few do that (not sure why when we have plenty of vendors that can do that and that’s not why they’re on the board) but to me should something go wrong and they don’t use a licensed/insurance vendor and/or to me overstep on the Super’s role the co-op would be liable.
> Join the conversation Comments (1)
We just had our annual shareholder meeting and it was a disaster. We found the board changed the voting to a staggered voting system without notice to the shareholders. The by laws state that every seat is up for re election every year and it was never changed. There is nothing in the by laws stating the board can change bylaws whenever they want. House rules? Yes. But not the by laws. The President stated he is retiring next year and his daughter has cheated her way onto the board. She was sitting at the board table going through documents and dealing with paper work before she was even voted on the board. She was laughing with the co-op attorney and were all friendly. My wife was running for a seat because she truly wants to help make a change. She is not with games and b.s. She is worried something is going on. The meeting date was changed a few days before the meeting when it showed my wife was the only person new running which basically guaranteed her a seat. Then all of sudden 3 more candidates entered their name. The daughter was going around both buildings collecting proxies from shareholders who knew no better and was asking if they were voting for my wife.
The meeting was so crazy that management stated they will count the votes over night and results will be emailed. The daughter was the only running candidate that won a seat on the board. We all know the daughter is going to slide into the President seat next year.
I found out she is involved in lawsuit with another co-op where our former management company is suing her and the board over at the other co-op. That management company left last year and when we had our meeting last year the board stated $150,000 in bills were not paid and at this years meeting they still have no answer. They are blaming the other management company. I think the attorney is corrupt also.
Me and my wife are not ready to move and buy a house yet. I wanted to know what can be done to try and stop this from going on. All of these shareholders walk around scared of the board and I cant believe it. This is the kind of horror stories you see on news when its too late to make a change the something bag happens to all the shareholders.
I would appreciate any kind of help in pointing me in the right direction.
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.
Nothing specifically about selling or renting.
Before you sell or rent, be aware there are certain DOB regulations and codes that mandate a super has a physical residence in your building or lives within a couple of hundred feet from your building if the building has 10 or more units. In the future, this could have a problematic impact on your compliance if the super's apartment is not available for the super to live in.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.