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Boards must update their governing documents to avoid headaches and lawsuits, as outdated documents can lead to lower property values, lack of clarity on apartment alterations, and confusion over who can live in an apartment when a shareholder dies. (Print: Updating Governing Documents)

Helene Schulman, a Beekman East condo unit-owner, faced legal action for hoarding, causing a fire, and obstructing repairs. Court granted preliminary injunction for condo access.

Governing documents of co-ops and condos should be updated periodically for smoother operations. Consider e-friendly communication, clear language, staggered board elections, mediation, fees, indemnity, smoke-free policies, repair responsibility, and community involvement.

Don't anticipate recovering legal fees every time you go to court.

Boards need to learn how to be hands off.

Judge tosses “intrusive probe” of a co-op’s records.

41 legal experts on game-changing laws, rules, and cases.

What happens when homeowners don’t comply with their governing documents?

When an air conditioner sleeve needs to be replaced, who's on the hook?

Outdated documents are a lawsuit waiting to happen.