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    The danger here, she adds is, "You haven't really segregated one co-op's money from
Institute, lives in a 250-unit co-op with a committee of shareholders that determines how much money
when the board needed money to pay for a major co-op expense and found the cash wasn't available
the reinstatement of $950,000 that Gov. Andrew Cuomo had proposed cutting. “But with the money we have right now we
simultaneously pursue a money judgment, and you can ask the court to appoint a rent receiver to collect rent from
rendered those light fixtures obsolete. Which meant they were wasting money.  With a push from its
and 23 commercial spaces. “You need to spend a fair amount of money just to maintain the buildings
-insured money-market accounts and certificates of deposit (CDs), as well as in iron-clad Treasury bonds
When a co-op board needs to borrow money to make capital improvements, it can use the equity

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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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