Wondering... I am updating my Proprietary Leases and bylaws in several buildings to reflect the times, etc... has anyone added any COVID language to their PL or BL?
Emergency protocols, COVID-19 Compliance, etc?
~AR
Happy Valentine's Day to All!
I have a question regarding a small NYC coop building.
What steps are required to change for a coop building from union to non union?
Can board purely decide this change?
Thank you for your insight and advice
Vicky
My next door neighbor, who happens to be Board president and involved in my vetting subtenants sent me the following email today:
"It would be a good time to close the books, in advance on your move, on the loan that I made to you for the new fence five or six years ago. If you could settle this up as soon as possible so that there aren't any outstanding issues before we begin arrangements for new tenants.
As you may recall, the amount outstanding, after .....".
It is true that she paid for the building a new fence between our yards with the arrangement that I would repay her a certain amount each month. I only made a few of those payments. She has never said a thing about it in all the years since.
I am OK with coming up with a payment plan and repaying her. However I object to the implication that the repayment of this personal loan has anything to do with "beginning arrangements for my new tenants". This seems to be conflict of interest in terms using her capacity and clout as Board president to satisfy a personal arrangement that should be dealt with outside of the board structure.
Can you please advise me on how I best handle the issue without being coerced in this way?
Thank you!
This letter comes every December to managing agents. It lists the breakdown of the abatements and expansions amounts per eligible unit. - BUT does anyone know what the dates are for - EX the letter sent in Dec. 2019 - was it for the benefits to be given qualified apartments in the fiscal year 2019/2020? Or for the upcoming fiscal year 2020-2021?
Pls only answer if you know. Thanks./
Hello,
Does anyone have a recommendation for a good management company that can handle a small co-op in Prospect Heights, Brooklyn?
Thanks
Seeking a checklist. Thank you Robert
> Join the conversationHas any Mitchell Lama Coop or Development experienced that Board Election Proxies signatures were not compared to those shareholder's of record even when the BY-laws specifically reads to do so?
> Join the conversation Comments (1)I need a concrete answer if anyone really knows this but our coop is saying the coop/condo tax abatement will NOT be renewed in July 2021 because of lack of support in Albany. Has anyone else heard this or who can we verify it with?
> Join the conversation Comments (3)
Over the xmas break, our heating radiator pipe busted from the basement and started spraying water into the unit. I was not home at the time, and it left alot of water on the floor and steam condensation on the ceiling. The hardwood floor is now damaged and cupping. Who is responsible to pay for the damage? if coop is responsible, how long is a reasonable expectation for it being fixed?
Thanks
Recently we discovered a bad case of mold on the hidden side of drywall. This is the first time we've had to remove mold, and I'm looking for a recommendation for a company that deals with mold remediation and reconstruction. If you've had a good experience with such a company please list their contact info here.
Thanks!
--- Steve
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My opinion is that the kinds of rules and regulations you're considering would best be added to your House Rules and not either the PL or the BL.
The PL is the basic document for Co-op Corporation (Lessor)/Shareholder (Lessee) interactions and relationships.
The BL is the basic Co-op Corporation governance document.
Both require a supermajority of shareholders to modify, so you want to keep things as non-specific as possible. What goes into the PL and BL are usually enshrined forever.
Rules and regulations dealing with relatively short-term situations that may need to be modified or removed with little fuss or formal shareholder concurrence belong in the House Rules. Adding/changing/removing House Rules usually requires nothing more than a majority of the Board,
Anything having to do with a fluid situation like COVID is much more easily maintained in the HRs. Similar types of HR rules would be 80% carpeting, smoking, allowable uses of common areas, etc.
My opinion, which I hope is helpful,
--- Steve
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