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While I am not an expert on the subject I believe that all concerned parties knew that these were no freebies here. Simply if it was rented someone has to pay for it. In my property if a subtenant uses storage space the owner is liable (what agreement/fee) if any is between owner and sublet once the Coop gets paid its annual rental fee for storage. Finally if someone is trying to find a loophole it appears one does not care too much about the running/upkeep of the property as the money could be used for improvements etc.
Hope I was of some help.
FN
Doesn't your mgmt. company provide the board with a monthly report showing all incoming and outgoing monies? The board should always go through this report with a fine-tooth comb to make sure that nothing has slipped through the cracks. I sympathize that your mgmt. company has neglected to collect sublet fees for years, but your board needs to share the blame for this -- you are the mgmt. company's boss, after all!
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We just discovered that our Mang company does not have a sublet list, nor have they collected any fees --for years. This is a substancial loss of income for the coop.
You do have to pay the fees, but, you should read your Mang contract, and like us discover that they are in Breach of contract -- and start an Emil trail and work to have them replaced.
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