For a Coop: I'm curious how strictly Boards must follow corporate formalities, specifically with respect to Board approval of various items.
Considering all of the issues, large and small, that come before the Board -- Is there a rule for what actions require a formal vote and resolution?
For example, I assume that to amend the House Rules, there must be a vote and resolution.
If the Board enters into a contract with a service provider, I assume the Board must vote on a resolution to approve the contract. But, if the Board agrees to a change in the contract -- let's say a contractor renovating space wants to change the plans at an additional cost of $500 (or more). Does that require a formal vote of the Board?
Lets say that Board sends out a Newsletter to the Shareholders -- Does the Board have to formally approve the contents of the letter, with a resoution?
Do Board Resolutions have to be set forth in a separate written document, or can they be recorded in the minutes? "The Board voted to approve x, y & z."
Any thoughts on A/C units dripping down front of buildings? One unit on the lower floor presents more than just a "sprinkle" of water. It's drips down near an entrance to building, leaves a big puddle and is staining side of building.
Just wonder if there are any requirements and rules our Co-op should have regarding A/C units and proper drainage.
thank you.
Is there a legal difference between a "sublet" and a "short-term rental"?
If a shareholder has an AirBnB "tenant," is that a "sublet"? Or does sublet refer only to a more formal transfer of an interest in the lease?
Similarly, if a Prop Lease permits "sublets," can the Board decide that sublets must be for a minimum of one-year?
Can anyone offer some insight into tree pit lawsuits? Our Co-op is being sued for a large sum due to a fall. Building's insurance lawyer is handling the matter but there is little progress made towards either a settlement or a dismissal. First time we heard about the fall was a year after the incident. Now, its' just been constant demands for information (i.e., board minutes, emails, perssonal cell phone pictures, etc.) as well as numerous depositions. No end in sight?
HOnestly, and I am not a lawyer, but this kind of lengthy process seems to be filling the pockets of lawyers and going no where.
Can anyone shed any light on the matter? Am I missing something?
Should co-ops with rooftop viewing parties refrain from serving alcoholic beverages for liability reasons?
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I installed an awning on my condo and am being told I must take it down or mount it on poles. Is there any way to appeal this? I've already written to the managing agent, but he isn't being very helpful.
Hi,
Does anyone know how temp staff to fill in a full time employee work? Do I need to treat them as employees or can I treat them as a contractor? An employee is going on vacation for a week and need to get coverage for 2 days (take out garbage, sweep the floor, etc.) Are there anything else that should be considered when bringing in a temp?
Thanks!
Dave
Some co-ops have rent stabilized tenants that are owned by the original sponsor and managed by a separate management company. What recourse does a Board have if it is not satisfied with how the renter's management company is handling certain situations?
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We have a condo with sixteen units. Two of the board members want to penetrate the roof one to setup a washer/dryer vent and the other to install a sky light. Do they need to get some percentage of approval from the unit owners first or can they just go ahead with their plans.
Thanks
I have learned that 4 out of 9 board members have been meeting secretly to advance a shared agenda. They are joined by a controlling property manager (who wants to consolidate the superintendents function under his authority) and former board member. They also have a fifth member of the board who is an automatic "yes" vote. then they send out an email asking for votes on motions that have not been discussed with the full board. What is going on here? the implications of this situation are quite serious. Question: how to communicate this to shareholders? wouldn't there be union problems (32BJ)?
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We are a co-ownership but I suspect Boards operates similar. In our By-Laws/Rules & Regulations it stipulates "At all meetings of the board every question shall be decided by the majority of the votes cast on the question". So in answer to your questions as it applies to us, yes. Boards decisions/resolutions can be a separate document or within the minutes. For example, we do a lot of communication via email in between meetings as a number issues come up that require board approval - big and small and require immediate resolve. We document all email decisions and have a paper trail of who voted in favour or not. It's a majority vote. Even our Newsletters or responses to co-owner complaints via letter require content majority voting. Check your By-Laws/Rules and Regulations; it should indicate the voting rules for your operations.
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