Want to Sue? You’ll Have to Pay to Play (NY)
Despite the crazy illogic of it, some cooperatives and condominiums are repeatedly sued by litigious residents who disagree with the board’s decisions. One co-op I represent even had shareholders who were attorneys, which enabled them to sue without charging themselves any legal fees. Meanwhile, the board and the other shareholders had to absorb the cost of defending themselves against these lawsuits. In order to stop this madness, I wrote the following amendment to the co-op’s proprietary lease (and a similar amendment to a condominium’s bylaws): Read the article………….
Homeowner associations hire managers for two basic reasons: to carry out board policies and to manage the homeowner association’s business
Taking the right steps to prevent theft, vandalism, and violent crimes is essential for community leaders, and one of these
With the cooling weather and winter just around the corner, it’s important for property owners and managers dealing with Commercial