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of the collective owners. While it may, indeed, be tempting for an Association to apply refunds toward capital
reserve fund: is it big enough to pay for the next capital improvement? Explain that when utilities
If i may Rene, why are you unhappy with Capital One ?
-607-8859 Northrop Grumman – 917-567-3287 OmniPoint – 973-872-5109 Wireless Capital – (AT&T) –
an engineer’s condition report and a five year capital plan from a good engineer to assist in pinpointing
capital improvements and the collection of capital reserves is not a viable option as one day
if it does not have a yearly ongoing assessment and sadly most co-op boards ignore the need for this capital
) in capital improvements. And for a luxury building, we are one of the lowest cost buildings in our area
the collection of assessments for capital improvements and for capital reserves. Some by-laws mandate
.9% every year. We have an assessment every year as we have capital improvements based on our outside

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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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