A couple of years ago there was a huge fire in a condominium in Sunset Park. More than 75 percent of the owners voted against repairing it, and instead decided to sell what was left of the building, split the proceeds and the insurance payouts. But the board got tripped up, and the ending is not happy.
It’s that trip up that Habitat's September issue addresses in the second part of our management series, From the Basement to the Boardroom. Plus, many more governance tips to keep you and your board out of trouble.