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-op’s success. The money has allowed the board to tackle some major capital projects. Despite all
real property taxes for capital improvements that reduce building carbon emissions.  Warren Schreiber
of greenhouse emissions for 10 years, or an exemption from any increased assessment for the green capital
smaller reserves but a line of credit. The bottom line is, you need to have a capital campaign or fees
for capital-improvement projects. So a condo board can’t simply put a cap on the number of sublets
be factored in, right?  Yes. Say you have capital improvements coming up and want to see how you'd fare
to oversee building operations and pressing capital projects, including modernizing the elevators
or subcontractor working on a capital project or even on a temporary basis for your co-op or condo. If the co
to assist in one-time capital improvement projects. For example, two years ago it was necessary for us
eye on the work from the start. By doing that, we were able to manage it efficiently and keep capital

Ask the Experts

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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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