I recently purchased a co-op. One of the requirements was that I get $5 million in personal liability insurance. This rule was passed several years ago and it’s only being applied to new purchasers. Shareholders who purchased before the date this rule was put into effect only have to have $1 million in insurance. Is this legal?
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I think the sidewalk is public domain, no?
How can a coop dictate a shareholder can only smoke 25 feet from a building entrance>?
Seems like a stretch.
Hey everyone! I'm a reporter for the Mott Haven Herald and Hunts Point Express. We're working on a project about canners in the South Bronx. We'd love to talk to some building managers and/or landlords about their thoughts on canners to understand your thoughts on canners and any impact they might have on your building - if any - if they're talking cans from in front of your building. We've talked to a bunch of canners and recycling centers but haven't heard this perspective yet. Please comment here, DM me or email me at amanda.mchugh38@journalism.cuny.edu - being an anonymous source is an option if necessary, though not ideal.
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Hello
I asked our board for our financial report a day before the annual meeting to review so if I have any questions or concerns I can just ask at the meeting and was told that our accountant is contracted to give them out the day of the meeting.
To me they don’t want us to see so we can’t ask questions in front of everyone.
I’ve never heard of that.
Your thoughts.
We paid for the installation of a tree guard in front of our Condo. Now, two people in the neighborhood have gotten into the habit of chaining their bikes to it, on either side; it creates an unattractive appearance. Is there anything we can do about it? thx
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Is it Legal to conduct a random non-emergency Department of Buildings Electrical Inspection on a Sunday at 7 am?
This is a Mitchell Lama Cooperative of 782 apartments.
A neighbor of mine has been wrongly accused, via email, by the building’s management—who provided zero proof or evidence—of subletting their coop unit. The only thing management said was very vague and heresay, along the lines of “someone saw…”. This shareholder has also been threatened with additional monthly fees (as stipulated in the House Rules). They responded immediately, saying the assumption is incorrect, and is still waiting for a reply. That was two weeks ago.
Any thoughts on how to proceed, where to start? Honestly… how do you prove a lack of evidence (no they didn’t have a Ring camera until now, after this started)?
Respectfully, please reply only if you have some experience or knowledge in this area.
Thank you so much!
We recently had an assessment imposed in out Coop of about 380 shareholders. While it is apparent work needs to get done, a few shareholders requested in writing access to financial records. There was a letter sent to the Property manager by am attorney, and he seems to have gone crazy. It is important to mention that the Property manager is kind of the gate keeper. There is no way we can speak with the Board and when we asked for the records in a meeting, the president said "No". In the last 14 years has been no quorum, therefore, the Board Members have remained by default in their position. Please share best practices on how to get shareholders to participate so when November comes we are prepared for a new board. None wants the actual Board, but the property manager seems to intimidate people and they are scared to act.
Can we create a Facebook group? or any other platforms we can utilize?
Hello,
Looking for references.
My coop insurance (Allstate) has gone up more than 25% this year over last year. Is anyone else experiencing this kind of rate raise? And if not, does anyone have an insurance company or broker they would recommend?
Thank you!
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I am not a lawyer, but I believe it's known as "grandfathering". Unless there is imminent risk or danger, those shareholders who owned before the rule change was put into effect are entitled to follow the old regulation.
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