is earmarked for a specific capital project, it can reduce the capital gains tax when an owner sells her ... that would have raised much-needed funds for capital repairs. So the board began to charge shareholders
Since 1997, though, condominiums have been able to borrow money for repairs and capital ... for repairs and capital improvements. While relatively simple in concept, assessments have two drawbacks ... Split Funding for Condo Capital Improvements ... Assess for Capital Improvements? Borrow? Do Both with "Split Funding"
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Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
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
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!