HABITAT
How A Small Condo Tackled A Shared Expense Problem
It's not uncommon for condos with commercial space to find the owner of that space isn't contributing adequately to the shared expenses of the building. The board then finds itself doing assessments for residential owners while the commercial owner's monthly payments stay flat. The question is, how to get out of this situation without discord or a lawsuit? Avi Zanjirian, CPA and partner at Czarnowski & Beer shares how a 15-unit condo-op on Manhattan's West 3rd Street accomplished this. Habitat Magazine's Emily Myers interviews Avi Zanjirian.
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