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Our new board raised maintenance 6% a few months ago with no explanation other than the new Management said we were not keeping up with other coops. To say the shareholders are a little upset is an understatement. I believe in a 2% COL raise unless something in the budget went out of whack, then you have to balance the budget with a larger increase. Good luck.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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