New York's Cooperative and Condominium Community
If the prepayment avoids the building borrowing money for a portion of the assessment, thus lowering the interest charged to the shareholders (b/c if an assessment is happening, it is likely to be paying back a loan), why wouldn't a discount be offered?
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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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