Steven Troup Interviewed by the New York Times
The New York Times recently interviewed TKD partner Steven Troup as part of a Q&A in its Real Estate section published on September 15, 2006. Below is an excerpt of the article. Visit http://www.nytimes.com/2006/09/15/realestate/17qa-2.html to see the full article entitled "How to Resuscitate An Owners’ Association." (subscription required) (Excerpt)
Q & A
How to Resuscitate An Owners’ Association
Q We own a three-family house that is part of a homeowners’ association. We have not had an annual meeting for more than five years. We asked the board for a special meeting but have not received a response. What can we do now?
A “Most co-ops, condominiums and homeowners’ associations have annual meetings that are used primarily to elect members of the board,” said Steven Troup, a Manhattan co-op lawyer. “You should prepare a petition formally requesting a meeting…If this doesn’t get the desired result, the owners may retain counsel to commence a lawsuit against the association. Typically the commencement of an action is enough to get the board doing what it should be doing,” he said.
* * *
The New York Times recently interviewed TKD partner Steven Troup as part of a Q&A in its Condo Owners and Board Meetings section published on May 14, 2006. Below is an excerpt of the article. To view the entire article visit http://www.nytimes.com/2006/01/08/realestate/08qa.html to see the full section entitled "Condo Owners and Board Meetings." (subscription required) (Excerpt)
Q & A
Passing Along Legal Fees to an Owner
Q I live in a co-op. Our management makes us responsible for legal fees, even if the fee is the result of a lawyer’s letter to a shareholder. Is it legal to pass along such charges?
A “Whether or not legal fees may be charged to a Shareholder depends on the language of the proprietary lease,” said Steven Troup, a Manhattan co-op lawyer. Most co-op leases provide that fees are chargeable when the shareholder has violated the terms of the lease or when the shareholder is in default, he said. Even a minor breach – disposing of garbage – can justify a lawyer’s letter, with the fee passed along to the shareholder.
Back to main News and Events page |
