If you are a New York City coop or condo owner you may have received a notice to attend your building’s annual shareholder (for coops) or unit owner (for condominiums) annual meeting. These meetings tend to proliferate in May and June. Building bylaws follow guidelines that were developed under the Business Corporation Law (BCL) for coops, and The New York Condo Act for condominiums. One of these rules is that a building or community’s bylaws will dictate specifically what month…
Tag: Shareholder
Communal and Co-Living Options for NYC
Solo living is both financially out of reach and unappealing for many people, but finding the right people to live with, and the right place to live with them, can be a big hassle. Shopping the internet for roommates can be anxiety producing, and if you move in with the wrong one you could be stuck with them for the duration of the lease. Sharing expenses can be a total nightmare when one roommate is financially responsible and the other…