Posts Tagged ‘co-op board’
How Frequently Should The Board Conduct a Reserve Study For Your Building?
You can learn more about the modifications required to keep your apartment complex running by ordering a reserve study. A reserve study should happen every three to five years.
Read MoreYou’ve Decided to Join Your Co-Op Board of Directors; Here’s What to Consider.
The co-op board members in New York City are often older than the other shareholders in a co-op building.
One argument is that operating a building is impractical for most people who are just starting their professions or families. Especially since serving on a board may be an onerous and time-consuming task that pays nothing.
Read MoreWhat Obligations and Time Requirements Come With Joining a Co-Op Board?
From building to building and board to board, situations will vary. There will be differences in the amount of time you devote to the position and the duties you have. Meetings are held at least once a month, along with the associated planning and follow-up. Contacting a current or former board member is one way…
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