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Tag Archives: Co-op board member rights

A Burning Issue: Smoking Bans in Private Apartments?

By Hillary Pember The late 1990s saw a surge of nationwide smoking restrictions put into effect. State by state, legislation banning smoking in various settings was proposed and passed into law. With varying amounts of resistance and controversy, workplaces, shops, theaters, restaurants and bars in a growing number of cities—including New York City—all went smoke-free. More  Full Article…

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Q&A No Pets, No Parties–No Smoking?

Barbara Langdon and her boyfriend saw a loft for sale on West  15th Street right before Christmas and knew they’d found a winner.  It was in great shape and sprawled over 2,300 square feet, just what  they  wanted,  so  they  made  an  offer  for  $1.75  million  that  was  quickly accepted. “We were excited because we’d only been looking  three weeks,” Langdon remembers. Soon after, though, their broker  called  to  convey  a  fussy  bit  of  news:  The  co­op  was  entirely  nonsmoking, not just in common areas but also in the apartments.  “That  was  the  deal­breaker,”  says  Langdon—never  mind  that  she  doesn’t  smoke.  “How  dare  they  tell  me  what  to  do  in  my  own  apartment.” Apparently,  they   Full Article…

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Money (That’s What I Want),Habitat

The 16-unit East Village co-op has come a long way. Many shareholders have been there from its days as a down-and-out rental building, through its conversion to a Housing Development Fund Corporation property to the present. Now, as a strong, self-managed co-op in a hot neighborhood, the prices of apartments have skyrocketed. The shareholders are  Full Article…

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Q & A: How Long To Approve? The Cooperator

By Adam Leitman Bailey Q. I have a one-bedroom co-op in a six –story, 78-unit building in the Bronx on the market for $53,000 and have a prospective buyer who filled out the board application and provided the financial information required by the board. After reviewing his information, the board interviewed the interested buyer in  Full Article…

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Q & A: Is That Fair? The Cooperator

By Adam Leitman Bailey Q. My question is pretty straightforward: can a board member hold both the title of president and secretary concurrently? Article VI Paragraph 1 of our bylaws, entitled “Officers” states that “The officers of the Corporation shall be a President, one or more Vice Presidents, a Secretary, and a Treasurer” but our  Full Article…

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