Does your building charge late fees to the sponsor if his payments are late? If so, what is your monthly late fee or percent?
Are we under any NYS law to have one every year? What's the penalty for not having one? Can the AG Office intervene?
Hi all...sorry for the second post so soon.
I wonder whether anyone has experienced, knows of someone who has experienced, or knows where to get articles on the impact of press/media reporting on condo issues, particularly shoddy construction, challenges with developers/lawyers...this would be very helpful for something we might pursue, but I want to see what the impact of the media was.
Would love to chat with you if you have experienced this first hand (coffee on me). And, please point me in the direction of articles, etc.
Thanks ahead of time.
Hi all. Here's the situation. We have 15 units in our condo complex. Five units are duplexes with access to a very small back yard. Other than the air conditioning boxes being in those yards, they are not considered common areas...essentially, they are the responsibility of the duplex owners.
The challenge is that our condo complex (I reported on this earlier) was poorly constructed, and it seems that this development carried as far as the yards. In at least two, drainage is so poor that after heavy rains, the water leaks into one of the duplex's basements. A water test proved that the yard was not holding water...even if seams were sealed and the windows sealed...the water would probably still seep in. We believe that there needs to be some sort of underground drainage, perhaps a tank of some sort or a trench.
The question is who would pay for fixing this problem? The building or the owner? We have so many building expenses at this point because of shoddy construction...but those are to common areas or for the overall protection of the entire complex. And, we are assuming that the drainage issue came with the complex...but perhaps it is a result of some other issue...we are not sure.
Your feedback would be helpful.
Thanks.
What are your sublet rules for your coop? Our building is considering revising policy and would like to know what you think works and does not work.
We want to upgrade our intake process for service requests, comments, and suggestions and are looking for an online tool as a possibility.
Does anyone use an online service for service requests etc for there co-ops/property?
Any suggestions would be appreciated.
Thanks
I'm looking to purchase my first co-op and am interested in a building that is less than 50% sold. Am I taking a risk investing in a relatively new co-op? I will not be financing the purchase.
Thanks!
Hi all,
Are there any sources that show benchmark data for water usage in a NYC COOP. In 2010 we used a daily average of 14HCF (10,474 gallons) for 38 apartments (275 gallons per apartment). We think this is high.
Thanks.
Can anyone recommend any vendor that can help our Board analyze our water usage. We've seen an extreme increase in water usage with minimal demographic changes in the building. Even during sleeping hours our 40 apt building goes through at least 300 gallons each hour.
Three days after the yearly board elections one of our newly elected board member cedes his position, does the runner-up step in?
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$50 per apartment he owns, which is our standard late fee.
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