Cooperative & Homeowners Association Law Firm

HURRY UP – YOU MOVE TOO SLOW!

By Edward M. Taylor, Esq.

Picture this: A condominium building experiences water leaks from a rooftop and drainage system in need of repair. 

The Board of Managers takes steps to address the issue by hiring a contractor and commencing repairs, but the Board runs out of funding for the project prior to completion and the work is halted midstream.  The Board then struggles with the best way to gather sufficient funds and the project languishes.  In the meantime, unit owners continue to suffer from water leaks in their apartments.

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