By Jay Ramano Q. A shareholder in our co-op has moved out and now has a subtenant living in his unit. This subtenant went through all the proper co-op application channels, including signing an appropriate subtenant lease. Now this subtenant wants to bring in a nonrelated roommate. Does this require board approval, or does the Full Article…
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Q & A: Who Pays for Water Leak?
Q. I own a cooperative apartment in Brooklyn and I’m hoping you could offer an opinion on a plumbing issue. In my bathroom I have two water valves protruding from the wall that control the hot and cold water flow to the sink and the tub. The problem is when I close the hot water Full Article…
Q & A: Selling Common Space In a Co-op Building, The New York Times
Q. If a co-op board agrees to sell co-op common space to a shareholder, what is the most effective way of structuring that transaction? Does the co-op have to amend the offering plan and assign shares? A. Adam Leitman Bailey, a Manhattan real estate lawyer, says the co-op should first hire an appraiser to determine Full Article…
Rules for Replacing Co-op Board Members, The New York Times
Rules for Replacing Co-op Board Members By Jay Ramano Q. Can a co-op board remove a member without shareholder approval? If so, how is a replacement chosen? A. Leonard H. Ritz, a Manhattan co-op and condominium lawyer, says it is necessary to review the building’s governing documents to determine the board’s powers. The bylaws typically Full Article…
Q & A: Rejection Before an Interview, The New York Times
By JAY ROMANO Published: September 21, 2012 Q. Can a co-op board reject a purchase application before interviewing the prospective buyer? A. Adam Leitman Bailey, a Manhattan co-op and condominium lawyer, says boards may, and frequently do, reject purchase applications without interviewing the prospective buyer. “If the board has determined that it will not approve Full Article…
Q & A: The Owner of Record Has Left the Building, The New York Times
By Adam Leitman Bailey Q. I have a co-op unit on the market that has water damage from a shower leak in the apartment above me. I asked the management company to write a letter advising the resident of the unit that she is responsible for the damage. The management company wrote the letter to Full Article…
Q & A: Creaks, Leaks and the Law, The Cooperator
By Adam Leitman Bailey Q. I recently purchased a unit in a newly built condominium complex in Manhattan. Upon moving into my apartment, I discovered that the plumbing systems did not function. In addition, the shelves in the kitchen were improperly installed, the floors were chipped and the roof leaked. Unfortunately, I had already closed Full Article…
Q & A: Noise, the Bane of City Living, The New York Times
By Adam Leitman Bailey Q. My wife and I own an apartment in a Midtown co-op, and one of our living-room walls abuts the building next door. About nine months ago, we heard sounds of hammering and drilling through the wall. Later, we began hearing the sound of a television set, doors slamming and voices Full Article…
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