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have had a small maint increase (1% to 2%). And we've been able to complete some significant capital
maintenance each year. Incredulous, then look at your AICPA mandated schedule of forecasted capital
the corporation. Zero reserves leaves the shareholders to open their checkbooks when capital improvements
on requires that any flip tax money be spent only on capital improvement," such as a new boiler, elevator
to obtain an engineer’s condition report and a five year capital plan from a good engineer to assist
a false sense of security. We are looking at a Capital Funds Replenishment Fee (like a transfer tax) of 2
to dump refunds into their capital reserves are delivering a windfall to some owners at the expense
reserve fund: is it big enough to pay for the next capital improvement? Explain that when utilities
funds (or self escrows) totaling $800k separating the funds by purpose: capital, mortgage reserve
an engineer’s condition report and a five year capital plan from a good engineer to assist in pinpointing

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Learn 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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