I requested a copy of the shareholders list recently and noticed a lot of the names were missing. As a former board member I thought it was odd that it was altered and not up to date. I was told by my property manager shareholders requested their names to be omitted. I know that not to be true as I was the only one to request it. I was thinking to run again for the board to try to protect our investments. Unfortunately shareholders here do not know their rights or what they are entitled to. Our board members never seen a master list or the parking list to understand the proper running of a corporation. While on the board we only received a financial report when it was time to do the budget. Please advise and thank you for your time.> Join the conversation Comments (1)
Does anybody know what this means? Thank you.
Section 4 : Executors
...I direct my executor to take all actions legally permissable to have the probate of my will done as simply and as free of court supervision as possible under the laws of the state having jurisdiction over this will, including filing a petition in the appropriate court for the independent administration of my estate
Our pre-war building is moving forward with complete replacement of elevators (cabs, rails, motors etc.) It's a 6 story building. The project is expected to take 8-10 weeks. We have many tenants who have mobility issues (wheelchairs etc.)
We do not have a service elevator. The building has two wings with one elevator servicing each wing. We are considering constructing a covered rooftop walkway so that residents can take the elevator on one side, cross the roof and then take the stairs down to floors 6, 5, 4, 3. We've looked into motorized chair lifts on the stairways but were told this involves increased liability for potential falls. We are very concerned about people being stuck in their apartments or having to leave their apartments for the duration of the project. Any and all suggestions for how to address this problem are greatly appreciated!
Do any co-op board members or building managers for small (~36 apt) co-ops in NYC (Manhattan) have advice on package offers for a live-in superintendent?
The RAB guidelines have a lot of detail around non-superintendent position salaries and benefits but little specific to supers - perhaps because they are not always live-in positions? There also seems to be phasing-in of salaries for new to union employees (e.g. 80% of full salary for first 30 months) but I am unclear on whether this is applicable to super positions too.
Any advice or additional resources to look into would be greatly appreciated.
Our own site property manager retired without property management company posting a official notice. A shareholder posted a farewell notice alerting us about a party. Should the board and management been the ones to give official notice? Why did they wait until the last minute to make a decision about a replacement? Can a 490 unit cooperative operate with a off site property manager so we can sell the office or rent it out for revenue?> Join the conversation Comments (1)
I'm the buyer for a COOP in Upper East Side Lenox Hill area. The Board package was delivered by my agent to the management company of the COOP, 5 weeks ago.
The agent forwarded me an email update 2 weeks ago from the management company that the package has been received and reviewed by the board but I still don't have a date for the interview.
Does anyone have opinion on the timelines of how long after the package has been received by the board does the buyer typically get an board interview?
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