by Debra Guzov | Real Estate Legality, Real Property
What steps should shareholders and owners take when members of their co-op or condo board are mismanaging the property? Purchasing an apartment is an investment and board members need to ensure they uphold their fiduciary duties and protect the interests of the...
by Debra Guzov | Employment Law, Real Estate Legality
How do board members and managing agents of co-ops and condos choose who to hire? It is an important decision as these people have access to the building and private owner and shareholder information. Depending on the building’s size and the number of residents,...
by Debra Guzov | Real Estate Legality, Real Property
In the by-laws for each co-op and condo, there will be provisions outlining the requirements for a quorum and in what instances a quorum is required. A quorum is mandatory at shareholder meetings or when the board is conducting business, except when otherwise provided...
by Debra Guzov | Real Estate Legality, Real Property
In most co-pp and Condo residencies, shareholders and unit owners select board members to make and implement day-to-day decisions for the building. Board members owe their shareholders and unit owners a fiduciary duty to protect their interests in the building. The...
by Debra Guzov | Guzov's Good Advice, Real Estate Legality
Children in New York City generally do not have large backyards to run around and play in. Instead, in addition to available parks and outdoor spaces, their apartment and building’s common areas become indoor playgrounds. Regardless of the space, children inevitably...
