New York based property management firm, All Area Realty Services blog. Find tips for Co-Op Boards & Residential Building Management.

7 Responsibilities of a Property Manager

Posted by All Area Realty Services Team on Dec 11, 2018 1:43:48 PM

A property management is often hired by a co-op or condo board to manage the day-to-day operations of a building. A property manager's responsibilities will vary depending on the needs of the board they were hired by, but their core mission is always the same, to ensure that the properties they are entrusted to manage, operate smoothly. Listed below are 7 of the most common responsibilities of a property manager.

1. Rent Responsibility 

Handling rent issues is one of the main responsibilities of a property manager. This includes: 

  • Setting Rent: The property manager will set the proper rent level based on the market where the building is located and comparable properties in the area. 
  • Collecting Rent: To ensure optimal cash flow they will set a date to collect rent each month and enforce late fees. 
  • Adjusting Rent: A property manager has knowledge of state and municipal laws pertaining to rent increases and decreases. They can set a rent increase by a fixed percentage each year while still adhering to these laws. 

2. Tenant Responsibilities 

Another core responsibility of a property manager is managing the tenants. A property manager will be involved in all areas, including: 

  • Finding Tenants: Filling vacancies is another responsibility of a property manager. They know where to place advertisements and what to include in the advertisements to attract the quality tenants you want. 
  • Screening Tenants: To decrease your chances of being accused of discrimination, a property manager will have a consistent screening process, that will include credit checks and criminal background checks. An experienced property manager will have the insight necessary to select the quality tenant you want.
  • Handling Leases: This can include, but is not limited to setting the lease terms and determining the amount of security deposit that will be required. 
  • Handling Complaints/Emergencies: A property manager will handle maintenance requests, noise complaints, and they will have the contacts necessary to handle emergency situations. 
  • Handling Move Outs: After a unit owner moves out, the manager will inspect the unit, check for damages, and determine how much of the security deposit will be returned to the tenant. A manager is also responsible for cleaning the unit and repairing damages. 
  • Dealing With Evictions: If a tenant is not paying rent or has infringed upon the terms of the lease, a property manager will know how to properly file and move ahead with an eviction. 

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3. Maintenance and Repairs 

A property manager will ensure that the building is habitable and safe at all times. They are responsible for regular maintenance and for handling emergency repairs. 

  • Property Maintenance: A property manager's duties include performing preventive property maintenance. They will hire someone to exterminate, check for leaks, landscape, shovel snow, and remove trash. 
  • Repairs: A manager has a large network of trusted plumbers, electricians carpenters and other contractors to ensure repairs are handled properly and quickly. 

4. Knowledge of Landlord-Tenant Law

A manager will have a thorough understanding of statewide and national laws regarding the proper ways to: 

  • Screen a tenant
  • Handle security deposits 
  • Terminate a lease
  • Evict a tenant
  • Comply with property safety standards iStock-696694334

5. Supervising Responsibilities 

  • Other Employees: A property manager is responsible for making sure that all other employees of the building are doing their jobs. Setting the salaries of other employees and firing them can also fall under the duties of a property manager. 
  • Vacant Properties: A manager can even be hired to look after a vacant property. The property manager will perform routine checks for vandalism, perform routine maintenance, and make sure contractors are completing their work on schedule. 

6. Managing the Budget/Maintaining Records 

Managing the building’s budget and maintaining all important records can be another responsibility for a property manager. 

  • Managing Budget: A manager is required to only operate within the budget of the building. There is only one exemption, in an emergency situation where the unit owners or the investment property are in danger, the property manager will hold the right to use their judgment to call for repairs without concern for the budget. 
  • Maintaining Records: The property manager will keep records regarding all income and expenses; a list of all inspections, signed leases, maintenance requests, all complaints, repair records, costs of repairs, and records of rent collection. 

7. Responsible for Taxes

Based on your preference, the property manager can either file the taxes for the building or assist you in filing the taxes. 

These are just seven possible responsibilities of a property manager, and as mentioned above their duties can be created around the areas your building needs the most help with. At All Area Realty Services there is a wide variety of management contracts to befit any building, so if you find you are on the market for a new property manager contact All Area Realty Services to schedule a consultation. 

All Area Realty Services knows what it takes to run buildings smoothly and efficiently while keeping both tenants and owners happy.  With over 30 years of experience, and many clients with us for decades, you can trust All Area Realty Services with taking care of your building and tenants. 

Topics: Property Management, Co-Op Board

The House Rules of a Condo and Co-Op 

Posted by All Area Realty Services Team on Dec 5, 2018 2:38:53 PM

Are you interested in living in a co-op or condo in the city? If yes, then it is important to know that these buildings have a specific set of policies, called house rules. House rules are designed to guarantee harmony amongst neighbors by governing the standards of everyday behavior. These rules are different depending on the co-op or condo you are interested in, and it's important to know and understand these rules before signing any contracts. 

Where Can You Find the House Rules? 

Ideally, the house rules will be listed in one place. Unfortunately, this isn’t always the case. The house rules can be listed in:

  • The bylaws of a co-op 
  • A co-op’s proprietary lease 
  • A condo's declaration of covenants 
  • The conditions and restriction (CC&R) of a condo

To find the exact location of the house rules of a co-op or condo ask the listing agent.  

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Possible House Rules 

House rules can govern your conduct in common areas such as elevators and hallways, and in your own apartment. Here are a few examples of possible house rules: 

  • The public halls and stairways of the building shall not be obstructed or used for any reason other than ingress to and egress from the apartments in the building. 
  • Children are prohibited from playing in the public halls, stairways or elevators. 
  • No disruptive noises or objectionable odors may be produced upon or emanate from any building
  • Each Unit Owner shall keep his unit in a proper state of preservation and cleanliness. 
  • Each Unit Owner must obtain extermination services for the Units at such intervals necessary to maintain the Units free of rest, mice, roaches, and other vermin. 

The Enforcement 

If you ever have an issue with a neighbor it is best if it is resolved civilly and quickly. If the co-op board is involved it may have the right to impose a fine. Worst case scenario if the issue is ongoing with repeated violations the board could ask you to leave the building under terms of a proprietary lease. 

Co-Op Versus Condo

A co-op’s board has more power over its shareholders than a condo over its unit owners, so their house rules are generally stricter. However, this does not mean you can overlook a condos house rules. It is still important to know and comprehend a condo’s house rules before you put in a bid for a unit.

What House Rules Cannot Cover

House rules can’t be used to discriminate against an individual or a group of people. If you want to rent or buy a unit you are protected by the Fair Housing Act. The Fair Housing Act will protect you from being discriminated against due to race, color, national origin, religion, sex, disability, or the presence of children. 

House rules may sound restrictive, but it is important to realize they are also protecting your rights as a neighbor. House rules are protecting your right to a clean and peaceful living environment. Every building has a different set of policies, so remember to always be familiar with the house rules before committing to any co-op or condo. 

All Area Realty Services knows what it takes to run buildings smoothly and efficiently while keeping both tenants and owners happy.  With over 30 years of experience, and many clients with us for decades, you can trust All Area Realty Services with taking care of your building and tenants. 

Topics: Property Management, Co-Op Board, condo

When Should You Hire a Property Management Company?

Posted by All Area Realty Services Team on Nov 26, 2018 2:11:04 PM

iStock-640177478One of the biggest decisions you will make as a co-op board is whether you should hire a property management company. Some boards manage their buildings efficiently on their own, while others need more assistance. The factors discussed below will help you and your fellow board members decide if hiring a management company is the right decision to protect your investment. 

What Does a Property Management Company Do? 

Some duties a property management company can fulfill are:

  • Dealing directly with prospects and tenants 
  • Marketing available properties 
  • Collecting rent
  • Handling maintenance and repair issues
  • Responding to tenant complaints
  • Pursuing evictions 

In addition to these duties, a management company such as All Area Realty Services, uses their expert experience and knowledge to guide you through protecting and maximizing your investment. 

When Should You Hire a Property Management Company? iStock-841723220

Hiring a property management company is not right for every co-op board. Hiring a management company has advantages and disadvantages depending on your board's unique needs. Use the following listed factors to determine if hiring a management company is the right decision for your board. 

You should consider hiring a property management company if:

There are a lot of units in the building. The more units you have the more you will benefit from a management company. 

  • You’re not interested in the day-to-day aspects of management. If you find being hands-on in management mundane or stressful, consider hiring a management company. 
  • You don’t have the time to devote to the demands of managing the building. If you already have a full-time job you may not have the time to devote managing the building. In many cases, managing can be a full-time job in itself. 
  • You can afford the cost. 
  • You are overwhelmed with management tasks. If the daily tasks of management are becoming stressful and overwhelming it may be time to hire help. 
  • You don’t want to be an employer. A management company is an independent contractor, so you don't have to worry about the burden of being an employer.  

How to Find a Good Property Management Company 

Finding a trusted management company can seem overwhelming at first, but here are a few tips to selecting the right one: 

  • Ask for recommendations from colleagues and your local apartment association.
  • Search professional directories on the Internet. 
  • Interview companies thoroughly making sure all your questions are answered.

Handing over the reins to your investment isn’t an easy decision to make. But if you resonated with any of the factors listed above it may be time to hire a property management company. A management company can help give you the maximum return on your real estate investment and alleviate any undue stress. 

 

Topics: Co-Op Building, Property Management, Co-Op Board

Do You Know Your Rights As A Co-op Owner?

Posted by All Area Realty Services Team on Nov 20, 2018 4:57:31 PM

So you’ve worked hard and agreed to their rules, and now you’re a co-op owner.  There are a multitude of NYC laws and guidelines that protect you as a tenant. If you find yourself running into problems as a co-op owner it is important to learn your rights to discover what you can do to protect them. Here is everything you need to know. 

What determines your rights?

The rules at your co-op are derived by three types of legalities. In order, they are your proprietary lease, the by-laws of the building, and laws that protect you from illegal leases or by-laws. There are state laws, local laws, and even federal laws to protect you. Together these three legalities work together to balance each other out and create a fair living experience for you. 

Proprietary lease 

This is provided to you when you buy your co-op, and it informs you of the terms in which you will have to abide by in your building.  This will include:

  • Maintenance fees
  • Pet allowance
  • Other terms that are unique to each building 

By-laws

The by-laws of the co-op outline the relationship between the board and unit owners such as yourself. The by-laws will include: 

  • Who can serve on the board
  • How members are elected
  • How owners can request information
  • The responsibilities and powers of the elected board

State, local, and federal laws

These laws are the final say in the co-op living laws. If a proprietary lease or by-law contradicts a state or federal law it is not legally binding. 

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Common questions regarding co-op tenant rights

Here are some of the most commonly asked questions. Take some time to read them and see if your building is infringing on your tenant rights. 

Q: Am I responsible for all building and unit maintenance? 

A: You are responsible for the maintenance of the interior of your unit. This will include:

  • Walls 
  • Ceilings
  • Windows 
  • Floors
  • Frames
  • Painting and decorating
  • Repairing and replacing plumbing 
  • Gas and heat fixtures
  • Any appliances 

The building is responsible for any gas, steam, water, or other pipes within the interior of your unit. 

Q: Are there temperature regulations the building is required to abide by? 

A: There are no laws, unfortunately, that requires your co-op to install air conditioning or use an existing unit in communal areas. But the units are protected by the warranty of habitability, so shared areas should be heated when necessary. 

Q: Can a neighbor be evicted? 

A: Yes, it is possible for an owner to be evicted. If they are disruptive, unable to abide by the building’s rules, or are breaking federal laws. 

If you’d like to potentially have a shareholder evicted you will need:

  • A precedent that isn’t just a personal disagreement. 
  • Incidents backed with documentation such as staff logs, security footage, witnesses, etc. 
  • To fall back on the Business Judgement Rule which basically states that if an unruly shareholder claims the board has singled them out, their argument will be tossed out if the board has a clean slate. 

Q: Can I have pets?

A: This depends on your individual co-op's rules. Often even buildings that allow pets still have strict guidelines. Speak with your co-op board if your lease isn’t specific. 

Q: How can I protect my investment? 

A: When looking to buy a co-op it is important to look for one that you feel you will profit from when selling. However, there are situations that can take you off course.

For example, if your unit is a corner unit with plenty of windows or a top floor unit with amazing views your co-op has development rights. This means they can add on to the building, leading to annoying construction. 

If annoying or noisy construction is a problem of yours, you may be able to take legal action based on what's outlined in your proprietary lease. This does not guarantee that you will be able to prevent construction that could lower the value of your unit though. 

Q: Can my co-op board require renters insurance? 

A: Yes, they can, but this is a good thing. Without renters insurance, you’re putting yourself at risk for a financial disaster. Renters insurance covers your unit in case of a fire, theft, and other circumstances. 

Q: Can I have a roommate?

A: Yes, you can have a roommate as a co-op owner. Under the “Roommate Law”, you can have one additional occupant in addition to immediate family, but you have to be currently living in the unit at the same time. Also, You only have to give the board notice within 30 days of them moving. 

It should be noted that if you’re collecting rent from your roommate this could be considered subletting which isn’t usually allowed in co-ops. 

Q: Can I make renovations on my unit?

A: All renovation work no matter how small requires approval by a co-op board. Your co-op does have the right to refuse approval for renovations and even include a fee for the approved renovations. 

Buying a co-op does not mean you’re giving up all rights as a tenant. Although, legal guidelines can be confusing at times, stay diligent and learn all your rights. There is a right and legal answer out there for you, so don’t give up hope. The key is knowing your rights because that will ensure they are never infringed upon. 

All Area Realty Services knows what it takes to run buildings smoothly and efficiently while keeping both tenants and owners happy.  With over 30 years of experience, and many clients with us for decades, you can trust All Area Realty Services with taking care of your building and tenants. 

Topics: Property Management, Co-Op Board

A Co-Op Board Fights Sublets with Airbnb Records

Posted by All Area Realty Services Team on Nov 15, 2018 1:17:37 PM

In recent news, a co-op board filed a lawsuit to terminate a tenant's proprietary lease due to illegal subletting. The co-op building's property manager caught some suspicious looking visitors coming and going from the accused resident’s apartment. He notified the board immediately, and with some digging, they found the tenant was subletting the space on Airbnb. Eventually, due to the resident’s unwavering denial, the co-op board had to subpoena Airbnb’s records for indisputable proof. To this day the case is still ongoing in court. Here are three steps you can take to prevent a similar scenario from happening in your building.

Preventative Measures

If resident’s renting out their apartment, on major concern is that there needs to be policies in place that make Airbnb-ing more difficult. Some examples are:

  • A rule prohibiting guests from staying in an apartment without the tenant-shareholder.
  • Prohibiting doormen from holding keys for guests.
  • Prohibiting the doormen from allowing guests in who haven’t been approved.
  • A rule prohibiting guests from entering who aren’t accompanied by the apartment owner.
  • Creating a system where guests have to register with the building before entering. 

These rules if enacted make it harder for residents to have a constant flow of strange guests entering and leaving the building. 

First Warnings 

If a unit owner has found a way around the rules and is using the apartment as a short-term rental, the first step is to send a letter to the resident demanding they stop. This letter does not have to be a formal warning and can come from the board or your property manager. Although a lawyer is not necessary at this point, but a lawyer could also send the warning letter. 

If the resident ignores the first warning and persists, the next step is to check your by-laws. These will hold all the provisions against short-term rentals and rules informing you how to notarize the resident that they are in violation. You should have a formal warning written up and signed by the co-op board president. A formal notification such as this will put your board in proper legal standing, if legal action becomes necessary. 

It is important to note that in co-ops the board is also required to notify the tenant-shareholder’s lender. This may seem like an annoying extra hoop to have to jump through, but it actually could work in your favor. The lender may also start urging the tenant to stop subletting the apartment, giving the tenant extra pressure to cease their activities. 

For condos the by-laws may give the board the right to fine a resident for violating the rules of the building. This could prove to be a helpful step in preventing legal action. 

Taking Legal Action

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After you send a formal warning the owner or shareholder has 30 days to end their illegal activities. If they continue to rent out the apartment, your next step is to check the by-laws or proprietary lease for your building's policies on recovering legal fees from a resident

A co-op has the option to start the process of a “Pullman Case” to evict the shareholder on “objectionable conduct.” A condo has to go straight to the New York Supreme Court to request an action for declaratory judgment against the accused resident. This option is also available to co-ops, but unlike condos, they also have the choice of housing court

In court you'll need to state that by violating the rules, the owner is challenging the authority of the co-op board to enforce rules. Next, ask the court to declare that the board has the right to enforce the rule and permanently prohibit the owner or shareholder from violating the rules in the future. As long as you come prepared with evidence you should win the case. 

All in all legal action should be your last resort, as it can potentially cost tens of thousands of dollars, not to mention the stress and hassle of the process. The benefit of going to court is that if the resident fails to comply they can be held in contempt of court. Again, this should be a last resort. Hopefully, if you’re dealing with a resident who is renting out their apartment on Airbnb, or any other source, they will cease their disruptive activity after receiving their first warning. 

If you serve on a co-op board or condo board and need professional property management services, contact All Area Realty Services and find out why our over 30 years experience and loyal clients makes us experts.

All Area Realty Services is New York City’s leading real estate management company specializing in full-service property management for cooperative and condominium boards in the Manhattan area. 

 

 

 

 

 

 

 

Topics: Co-Op Board Lawsuit, Co-Op Building, Condo Board Association, Co-Op Board, Property Management

When and How to Hire a New Property Manager

Posted by All Area Realty Services Team on Aug 30, 2018 11:02:00 AM

As a co-op board it can be intimidating to know when and how to find a new property manager. Hiring new co-op building management is a serious commitment like that of a marriage. You need to learn as much as possible about this new partner before you take the big leap. This is one of the biggest decisions you will have to make as a co-op board.

The most common complaints about property management are to-do lists grow instead of shrinking, phone calls go unreturned, and that the cop-op board’s relationship with the property manager is conflictive.

However Here Are The Real Issues To Look Out For:

  1. The manager provides vague financial statements, without original invoices.

This is a major red flag! Without detailed invoices there’s no true record of where the money went to. The property management could be using your money to fix things in their unit or for any number of personal things.

2. The manager makes surprise and unauthorized expenditures.

There was an incident with The Normandy, a 250-unit co-op on Manhattan’s West Side, and their management. The co-op board discovered that their property manager was spending money on personal attorney fees, a caterer for his wedding, his car repairs, and a whomping $85,280 “petty cash fund.”

Even if you notice small inconsistent unauthorized expenses it could be a sign of a major hidden issue.

3. The manager loses interest.

Even managers that have been in place and given great service in the past may need to be replaced. Over time managers can get bored and their performance can go on a decline.

Once You’ve Parted Ways, How Do You Find a New Manager

The best way is to compile a list of possible property management companies. Make this list through word of mouth, talking to the co-op board lawyer and accountant, reading industry publications, and seeing who manages nearby buildings.

If you have had any of these incidents occur with your property management it’s probably time to move on to find a better match for such a serious partnership. It’s intimidating but not impossible to find your perfect match, especially by using the tactics given above.

All Area Realty Services is New York City’s leading real estate management company specializing in full-service professional property management for cooperative and condominium boards in the Manhattan area

Topics: Co-Op Building, Property Management, Co-Op Board

Property Management and Board Relations

Posted by All Area Realty Services Team on Jul 17, 2018 6:13:03 PM

A harmonious and collaborative relationship between you a property management company and building's co-op board is a necessity. This harmony can only take place with a clear understanding of roles and responsibilities.

That being said, it can be easy for the duties to get blurred and overlap, but you and the board each have their own distinct set of duties. Building boards are responsible for making decisions regarding capital expenditures, which prospective. As management you are responsible for providing unbiased information to the board and carrying out the boards goals and objectives.

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Overlap usually arises when the board is too closely involved in overlooking management duties, or giving the property manager responsibilities that aren’t in the contract, therefore unanticipated. These extra responsibilities could take away a manager's ability to fulfill the actual contracted expectations. The only instance overstep is acceptable is normally under emergency circumstances. 

To sum it up, for a co-op board and property manager to have the most efficient and happy relationship there has to be clear communication about your roles and theirs. Along with that communication there has to be effort to stick to those clear distinct guidelines of duty by making sure the board and residents understand roles and responsibilities of each party. 

All Area Realty Services is New York City’s leading real estate management company specializing in full-service professional property management for cooperative and condominium boards in the Manhattan area. 

 

 

 

 

Topics: Co-Op Building, Condo Board Association, Co-Op Board, Property Management

What Happens When a Co-Op Board Member Causes Conflict within the Board?

Posted by All Area Realty Services Team on Mar 15, 2018 3:02:19 PM

Growing up, we're taught the golden rule of "treat others how you want to be treated". As we grow older and encounter various personality types, this saying can become harder to stick to.

So what happens when you sit on a building's co-op board and egos start flying, and personalities are tested in not so positive ways?

How to Not Get Stuck in Negative Energy

Co-op board members typically get elected for their experience and ability to handle the position bestowed upon them. Not for their ability to receive constructive criticism, use effective communication, or abilities to think before they speak.

iStock-127544823.jpgSo, what happens when you’ve been elected as a board member and you go to your first co-op board meeting only to learn that the various egos and personalities are causing internal strife and disagreements?

Navigating through these issues is a true testament to your current position. It is important as a board member that you don't get sucked into the negative conversations and actions taken by others.

Instead it’s a best to evaluate the situation and quickly get back to the current topic at hand. Getting everyone back on task will help move past personal disagreements and put the focus back on doing what is best for all residents.

Ultimately, the co-op board president should then pull those involved aside after the meeting and discuss proper meeting etiquette for all future meetings. It may even be a good idea to create a working document which should outline etiquette, rules, respect, and overall set the tone of how the co-op board should run meetings and interact with each other.  If your board works with a reliable property management company, you may be able to ask them for a template for such a document, as most professional property management companies work very closely with several co-op boards. 

The Cooperator published an article which gives advice on how to deal with rude and unruly board members.  Although long and over six years old, still timely and well worth the read if you find yourself serving on a co-op board that feels more like a war zone. 

Can You Get Demoted for Speaking Your Truth?

While serving as a co-op board member you’ll be asked to participate in approving or not approving current issues or projects. If you disagree with the general consensus, you should still feel comfortable and confident enough to speak your truth and justify why you feel a certain way regarding a specific vote or action. All co-op board members must feel confident and free to stick to the values and opinions they have. It is imperative, for the well being of the building and it's residents that all board members operate in an honest and transparent manner that encourages discussion and debate. 

Should a board member use profanity, unprofessionalism, personal attacks, racist or derogatory remarks, that will cause other board members to not only feel uncomfortable, but be detrimental to making the best decisions for the building, its probably wise for the board president to ask for the disruptive board member's resignation.  

If you’ve had a sticky situation in one of your board member meetings and you’d like outside advice on what is the proper action to take, contact All Area Realty.

All Area is New York City’s leading real estate management company specializing in full-service property management for cooperative and condominium boards in the Manhattan area. 

Topics: Co-Op Board, Property Management, Condo Board Association

Navigating Renter Rules and Regulations in Co-Op Buildings

Posted by All Area Realty Services Team on Mar 13, 2018 4:10:43 PM

In previous posts, we have discussed the difference between a co-op and other homeowners associations type of apartment. With all ownership styles, the rules and regulations change. Depending on which style you decide is best for your family, it will be important as a homeowner that you fully understand the rules and regulations for your building.

With spring break right around the corner, you may be thinking of adding your property on sites such as Airbnb as you travel out of town. While Airbnb can be a great way for you to make some extra spending money while on vacation, have you checked with your co-op to see if this is allowed?

In many co-op apartment buildings, if you rent your apartment out, the renter has different rules than the homeowner. Renter rules and regulations are found under renter law making it much easier for the person renting your home to break the rules than for the homeowner. Rent-controlled and rent-stabilized tenants are not subject to the rules that everybody else lives by.

Noise Complaints

iStock-660743394.jpgShould a renter in your building be getting a bit out of control, instead of addressing this with the  property management company or co-op board, this would first be a city complaint. That means, to file a complaint you’d need to call the police.

Rental Repairs

If you have allowed a renter to lease your space while you are away, it is the homeowners responsibility to pay for any repairs. Hopefully, you’ve done your due-diligence and had a rental contract signed that stated any repairs would be taken out of the deposit on the property and additional repairs would require the renter to pay for them, so you are not out of pocket. For questions on drafting leasing or property management, contact professional property management company, All Area Realty Services.

All Area Realty Services is New York City’s leading real estate management company specializing in full-service property management for cooperative and condominium boards in the Manhattan area. 

 

 

Topics: Property Management, Rentals

Co-Op Buildings and Two Common Regulations to Be Aware of

Posted by All Area Realty Services Team on Mar 9, 2018 4:47:39 PM

With any co-op apartment, the co-op’s board can set the rules and regulations for all property owners in the building. One potential issue is the ability to have pets or not in the apartment. It’s a good idea to ask if pets are allowed or not in the building. This can help cause any future conflict and if you already have pets, ensure you make the best decision for you and your fur family.

Remember, to ask your property manager for the building's regulations on service pets so you are not alarmed should you hear a pet in the middle of the night and your building has a no pet tolerance.

iStock-890830230.jpgAnother common noise regulation is “quite zones.” Most buildings have rules against excessive noise after 10 p.m. As a potential first time buyer, you may review excessive noise in a different way than someone else as so to diminish any complaints or conflict with neighbors. Always review and ask the property management team what the co-op board defines excessive noise as.

Did you know, noise regulations can also put a damper on your interior decorating? It’s true! Many property leases in co-ops require homeowners to have 80% of their floors covered with carpet. This eliminates the possibilities of excess noise for apartments that have apartments below or above them.

All Area Realty Services is New York City’s leading real estate management company specializing in full-service property management for cooperative and condominium boards in the Manhattan area. Contact us today if you're looking for a professional property management company. 

 

Topics: Co-Op Board, Property Management