I am a member of a newly elected coop board. Our previous board had no established policy on sublets. I have been tasked with finding out what a sensible policy on sublets is. We have several shareholders who have been subletting their apartments for years and resident shareholders are now complaining to have this changed. Any advice?
Is it normal to be able to smell paint and other chemicals through the party walls between two buildings? Last January, the brownstone to our east had a sewer line pipe break in the basement and it flooded their basement and first floor. The smell was terrible and migrated into the halls of our building and into some of our shareholder's apts all the way up to the sixth floor. For the past six months we have endured a barrage of smells from mold killing chemicals are worried about the fact that this is even happening. How can we ensure no damage has been done to our wall in the course of their repairing their problem and what course of action should we take? We can't even find the address of the owner listed on the NYC DOB site. Thanks.
1) make sure to have your water bill carefully checked! We just got back, yes, $25,000. (the guy hired to review the bills got to keep 10% as payment)
2) also we had a plumber fix every single leak inthe building and review all plumbing in each apt and our bill went down dramatically!
3) if you have a commercial tenant, they should pay their own water bill. OUrs was using our water and we worked out a payment deal for past costs when we found out.
Any ideas on how to address a chronic objectionable behavior issue with someone who got himself elected to the new Board due to the large amount of shares assigned to his unit? The outgoing Board was ready to send an attoney's letter to the person about smoke and noise coming from his apt and decided to wait until the new elections. Now we have the problem shareholder on the Board. We have a majority within the Board who want to resolve this problem, however. The Shareholder has refused for years, to take adequate measures to soundproof and stop migrating smoke which fills the lobby and penetrates other apts. We have never tried legal avenues before. Should we speak to the Board member first or send a letter? Can he even be on the Board if he is in violation of the house rules? Help! Thanks, BT
Have any of your condo boards exercised their right of first refusal purchase in recent memory? If so, what were the circumstances and did this prove to be a tremendous financial burden on the unit owners? This is one of my great fears about living in a condo building, but I know I have to be prepared for this in the future.
we are considering making an amendment that all residents in the coop (inc. the sponsor's market-rate rentals) must have renters or coop insurance. as an incentive, we would like to negogiate a group discount with an insurance company (for example, if anyone uses Travelers, they get a 20% discount) - has anyone done this?
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