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a year, and we would take that money and split it between operations and capital improvements," says
a capital improvement project that requires access to the residents' apartments. "In [an] ideal world, you
of the four new Local Laws, the mandated expenses for co-op and condo boards will be less in terms of capital
apartment: The co-op should have a healthy reserve fund and not be facing any major expenses or capital
  You choose an OAC the same way you choose a managing agent or a capital
in Queens, the schedule of a window-replacement capital improvement project left no room for delay — no time
and there is a big capital expense, the building would have to raise maintenance — affecting unit-owners' personal
contract, prioritize capital spending, and figure out how much things should cost and how much we should
money for capital improvement projects. A final coup: Peekskill and the state modified the GEM
staff. The century-old structures also needed extensive capital improvements, including new roofs

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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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