Does anyone know if there is a time frame to clean out a unit by the beneficiaries once the owner has passed?
> Join the conversation Comments (1)Hey All, we've had two shareholders recently want to add and remove a family member from their stock certificate. In both cases the transfer attorney our co-op employees charged them $5,000. This seems like an outrageous amount of money to me. Our Treasurer who is friendly with the transfer attorney said it was possible that recent changes in how co-op shares are treated for tax purposes may have led to the high bill. But I've been doing research online and cannot find a single article mentioning this change. Is there a validity to this or are our shareholders being gouged.
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Hi There,
If anyone could give some advise..please? Live in a co-op and having an issue with our toilet backing up. It starts off making gurgling sounds when neighbor upstairs flushes his toilet then all this water comes spewing up..just great..we call to tell management. They send the plumber...Plumber snakes the pipe...2 weeks not even ...later gurgling noises again and water spewing ...tell the plumber..comes back snakes it again...not quite 2 weeks and its making same noises etc..I contacted management...their girl in the office starts yelling at me (shareholder) that i the plumber was here twice already and I can't keep calling them to have plumber here to unclog my toilet! What??? Excuse me but first we can't just call the plumber unless it goes through management and the toilet getting clogged is not of my doing?? There is a problem clearly in the sewer pipes is my understanding if when the neighbor flushes my toilet gets backed up.
Management is trying to put the responsibility on me to pay to have this done?? I need to "maintain" my toilet. What?? If the toilet is 7 years old and the toilet isn't the problem its the plumbing.
How do go about getting them to get this resolved? The plumber has been working this property for 30 years and I honestly think he's been just milking this place. He never went upstairs to check neighbors toilet, never went under building to check pipes. My memory plumbers are all over the place checking to see whats going on..
There are no rules in proprietary lease or house rules banning dogs. But me and wife heard there a no dogs allowed and we have not seen any dogs around the property. The shareholders here seem to be in lala land walking around in fear of the board. I We want to get a dog but are trying to figure out how to go about it. The board sucks and have not had any annual shareholders meetings in 2 years. Management said its up to the board on case bases. I think thats b.s. We would like to know would there be any legal ramifications if we get a dog and then we are told to get rid of it?
> Join the conversation Comments (3)
Can I leave my co-op to a friend who is not an owner or on the proprietary lease in my will? The person would not want to live in the co-op, it would be sold.
I am in the process of trying to convert my Mitchell Lama complex. I have been working on the project for approxim ately 3 years. I have had Town Hall Meetings, notices, direct mailings, and many conversations. Does the new legislation raising the bar to 80% final approval apply to me. I am still working on getting the 50% required in the process? Would I be grandfathered in?
> Join the conversationI am helping my son and his wife write their Wills. They have minor children and already have a relative who will act as guardian if the parents die. Does anybody have language I can use in the Will for this? Thank you.
> Join the conversation Comments (1)Does anyone know the legal status regarding people storing e-bikes (with those flammable batteries!) in their apartment or coop building? I will guess that the law hasn't caught up with this craze, but I'd love any information or direction. Thank you.
> Join the conversationMy husband passed away. I would like to add my daughter's name to the stock certificate. My daughter lives in our apt and if anything happens to me I would like her to be able to keep the apt. I've been told she has to go before the Co-op Board for approval. She has 2 part time jobs and does not work full-time, but has money in the savings account. Is there a way to get her name on the stock certificate? I don't want her thrown out! I've lived her for 53 years! Thank you.
> Join the conversation Comments (3)If the By-laws requires that any notice of resignation of a director must be given in person or by registered or certified mail can a notice of resignation sent by email be valid or not?
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I'm very sorry for your loss. I'm assuming you're asking about a standard market-rate co-op unit, so the first questions are, what was your relationship to the deceased, how was the stock certificate titled, and did the deceased have a will. If *any* questions come up about your needing to clean out or vacate the deceased's apartment, they should be referred immediately to the attorney handling the estate.
Very broadly, the answer is, there is no time limit. Depending on a lot of factors, the deceased's ownership of the stock (full or shared), usually passes to a spouse, or the deceased's estate and ultimately to the beneficiaries. As long as monthly financial and habitability obligations are met, things can and should continue pretty much as they were for a very long time.
If there are immediate environmental and health issues like the deceased was a hoarder, maintained more than one or two pets, or there are other sanitary concerns, then correcting those issues take precedence and the board has an obligation towards the rest of the shareholders.
If you could describe in more detail the circumstances behind your question, it would help narrow down responses.
--- Steve
[I am not an attorney and nothing I write is to be considered legal advice. My wife practiced Trust & Estates law and regularly dealt with these issues.]
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