Owning a condominium in New York has its benefits. It also comes with its troubles. As a condominium owner or a volunteer board member of your association, you will likely encounter disputes between either side during your association’s lifetime. Even with New York’s Condominium Act, which should help settle things fairly and legally, disagreements may persist.
Below are some of the more common disputes arising between the two parties, which often lead to litigation:
Financial disagreements
Disputes over extra fees or special assessments which members feel are unnecessary or unfair often arise. Owners might demand better transparency or accuse board members of financial mismanagement and corruption. If board members are unable to satisfy these demands, lawsuits usually follow.
Repairs, renovations or alterations
Disagreements over allowing renovations or alterations may lead to litigation. Either party may claim construction approval was unauthorized or did not follow condominium rules. If the two parties cannot agree, they usually bring the disagreement to court.
Election disputes
When disagreements accumulate, members often attempt to replace the board. Allegations of improper procedure during the election, unfair practices and noncompliance with the association’s by-laws could lead to litigation.
Breakdown of mediation
Trying to resolve the disagreement through mediation could follow, but if these talks fail, either party may resort to litigation.
Whether you’re a condominium owner or a board member, navigating such a complicated matter may be beyond you. In such instances, consider seeking legal counsel who could help protect your interests and work toward a resolution of your issues.