Posts Tagged ‘co-ops’
The Most Costly HOA Fees
A joyful and useful living environment is produced for community members by well-managed HOAs. In HOA-governed areas, property prices are frequently greater. Fantastic benefits like access to tennis courts and snow removal are provided. But, running and maintaining an HOA costs millions of dollars. To cover both routine charges and unforeseen needs, finances must be…
Read MoreAlteration Agreements For Co-Ops
Nobody enjoys it when a neighbor’s continuous remodeling project lasts for months on end, especially when the renovations may cause damage to your own home. The alteration agreement, fortunately, is a mechanism that most buildings have in place to address issues for Co-Ops. Beginning the ProcessWhen shareholders consider a large-scale renovation, they should be prepared…
Read MoreThe Appropriate Co-op Board Response to a Hoarder
When a co-op board learns that a hoarder is residing in the building, what should it do—and not do? Take these actions: Send a Notice: The first step in resolving the problem is to contact the shareholder and send a notice. This can point out that there have been complaints of odors and infestations. As…
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