Who pays the bill when condo is damaged?ERIC FRIZZELL, SPECIAL TO THE RECORD
Paula Chin: Welcome to Legal Talk, a conversation about governance issues that New York's co-op and condo boards are tackling today. I'm Paula Chin with Habitat, the New York City magazine for co-op and condo board directors. My guest is Brandon James, partner at...
Damage from leaks or sewer backup To provide additional financial protection, you may want to consider these add-on coverage options: Unit assessment coverage:If the HOA charges an additional assessment to condo owners to pay for a covered loss, this add-on may cover a condo owner’s share ...
“Another possibility is that the condo board adopted a ban on balcony enclosures due to the heightened scrutiny of these additions during the FISP/LL11 inspections. Unless a condominium’s or cooperative’s governing documents specifically provide for the allowance of balcony enclosures, boards are ...
“A roof should be inspected every few years,” says Frank Sausa, Vice President of Altura Construction Company, Inc., in Garfield, New Jersey. “If a leak gets severe enough, a homeowner’s ceiling can literally collapse. The most common cause of leaks that we see is when the rubber ...
“There isn’t a lot of preventative maintenance done on plumbing lines,” he says. “ Most of the time if there is a leak you repair it. Though, if you have a chronic problem or more than one problem, people tend to want to know why. Do you replace the piping before it leaks ...
Living in close quarters can—and often does—lead to conflict. In co-op, condo, and HOA communities, conflict can occur between residents, or between a resident and the board. And to complicate matters, a seemingly isolated conflict between residents may spill over to become a conflict betwee...