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to get the board to replace it, even if it's not in the budget. If the complaints persist after you
mortgages are relatively large, overall budget issues and shareholder maintenance levels frequently dominate
's existing policy that boards reserve a percentage of each year's budget to fund present and future capital
, and if the board approves a special assessment to finance an unanticipated and un-budgeted expense, board members
to run the condo every year. Most often, the lion's share of the annual budget consists of fixed expenses
Board Business: Budgeting and Communication Resident Business: Fees of Ownership About 6 percent
and decided to go ahead." Start-up Costs The renovations and new equipment carried a budget of $70,000, paid
in the context of the cooperative's goals and budget. Mishandling one or more of these other factors can have
over the place." And the board is now working to make sure the 2015 budget doesn't require
-affairs office, said there will likely be federal budget cuts to housing under the incoming Republican

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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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