The last three apartments in your luxury hi-rise condo were sold to a troika of Russian oligarchs, who all paid well above the asking price. But now said oligarchs are on the sanctions list, and have withheld their monthly maintenance fees …
Tag: Fischel & Kahn Ltd
Q. My husband and I own a co-op. The rule book specifically states that the second-floor apartment must have 80 percent of each room carpeted and padded. Now we just got new tenants moving in above us. When they walk around up there, they…
Q. If a condo association in Chicago wanted to buy a unit, what percentage of ownership is required to have this purchase be approved? I hear it is 75 percent, but another association said it was 67 percent. Also, if it changed from 67 p…
It happens infrequently, but when it does, it can be an enormous challenge: a co-op corporation or condo development has a long-running squabble with the building sponsor/developer, falls victim to long-term mishandling of funds — or outrig…
Living in a building or association means living in a community where residents get to know each other, attend events together and, sometimes even become close friends. In most cases, the people you meet are regular, down-to-earth folks, bu…
Q. I live in a condo in which the majority of the residents are older or active adult age, but we do have several families with small children as well, which sometimes has led to issues with noise. This hasn't been an issue for me until l…
Amenities can be a major selling point for any co-op or condo. You don't have to be Jillian Michaels these days to have a spa or full gym at home. Naturally, they add to the property value of the building as a whole, as well as to the indiv…
Whether you live in an urban high-rise in the heart of a large city, or in a more spread-out suburban HOA development, security—for both property and physical safety—is an important issue in any condo community. Who can come in, at what tim…
Q I have a couple of questions about the events that took place prior to and at our board election meeting in April 2015. A letter was sent out from the management company prior to the meeting with the date and the time. It said …
Q I live in a condo in which the majority of the residents are older or active adult age. However, it seems that there are several families with children with which we are having problems related to noise complaints. For the past year or …