Co-op Board Building Review
Building compliance monitoring and due diligence for co-op board members.
Co-op board members bear fiduciary responsibility for their building's maintenance, compliance, and financial health. Understanding the building's violation status, inspection compliance, tax assessment, and regulatory standing is essential for informed governance. Board members who neglect these responsibilities may face personal liability.
The Challenge
Co-op board members are often volunteers without real estate expertise. They rely on managing agents to keep the building compliant, but may not have visibility into the building's actual violation status, pending agency actions, or compliance deadlines. Lack of oversight can result in accumulated violations, missed deadlines, and unexpected assessments.
How RegWatch Helps
RegWatch gives co-op board members direct visibility into their building's regulatory status. Verify that your managing agent is staying on top of violations, monitor compliance deadlines independently, and make informed decisions about building maintenance and capital improvements.
Step-by-Step Workflow
Look up your building
Enter your building's address to see its complete violation, permit, and compliance profile.
Review open violations
Check for any open DOB, HPD, ECB, or FDNY violations. Discuss resolution plans with your managing agent.
Verify inspection compliance
Confirm that elevator, boiler, facade, and fire safety inspections are current. Expired certifications generate violations.
Check tax assessment
Review your building's assessed value, tax class, and exemptions. Verify that your managing agent is filing tax appeals when appropriate.
Monitor ongoing compliance
Use RegWatch to independently verify that your building stays in compliance over time.
Key Benefits
- Independent verification of building compliance
- Direct visibility into violation status
- Inspection and certification tracking
- Tax assessment monitoring
- Informed oversight of managing agent performance
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