Board acted without due dilligence or corruptly

> alterations to common areas costing in excess of $200,000 must first be approved by a majority vote of all unit-owners

I'll bet a lot of owners in the city wish they had this provision in their bylaws.

Yeah and for the price of units and size of building that’s actually a really low floor to trigger a vote.

In my last building the front facade needed a $75k paint job in 2004. But for over a decade the Board delayed it, while the audited annual financial statements said "no major work needed or planned" until finally when the project was done it was over $800k (more than twice the annual budget).

Yes I suppose the big risk there is its basically impossible to get a quorum to vote and to vote in the affirmative for boring unsexy stuff like mechanicals and facades.

All the price appreciation enjoyers don’t expect to be around when the boiler really fails!

alterations to common areas costing in excess of $200,000 must first be approved by a majority vote of all unit-owners
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but commercial space is not a common area. another defect pointed out in the lawsuit

A Manhattan judge ruled that the sponsor of the Turtle Bay building, a company affiliated with the Trump Organization, can renovate the 2,500-square-foot space it owns and bill the $1.75 million construction cost to the condo board, which will also pay $190,000 in annual rent.

The space used to be a bar, but will be turned into amenity space for building residents.
“The board may not have made the wisest decision” in leasing rather than buying the unit, the judge wrote, because at the end of the lease, all improvements paid for by unit owners will become the property of the Trump Org affiliate.