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Co-op/Condo Abatements

With the new rules how you reflect the numbers in the budget stay the same as before. The only

maintenance raise

is an understatement. I believe in a 2% COL raise unless something in the budget went out of whack, then you have

Real Estate Taxes

the budget shortfalls of NY City and NY State. We are budgeting an increase of 7% for real-estate taxes

Re: Considerations

enough to cover the budget and later it falls on the managing agent who reccomended the increase

what monthly financials do you get as a Board Director

monthly, except I was shown a comparative budget from 2009 thru 2012, budgeted vs actual and a profit

Ask Habitat: When Buying Apartment, Should I Ask About Building's Finances?

New York City

One, does the operating budget cover the all the expenses required to run the co-op or condo ... an operating budget that must cover its expenses. If your attorney is concerned about the building’s finances

Where Does a Co-op or Condo Treasurer Turn to for Advice?

New York City

tax returns. They usually have multiple co-op clients and can offer advice on budgeting and payment ... of the property: overseeing the budget, making sure the bills get paid in a timely manner, and finding ways

Major Projects Need Major Communication

to cost, so the engineer/architect must be flexible and present repair options that work within the budget ... a roof replacement job and a heating-plant upgrade. Work ran far over budget and took much longer

Warning Signs: Do Your Monthly Meetings Go on Forever?

New York City

efficiently. It also makes sense to have meetings about the budget at the managing agent's office so ... 's normal for a meeting about a major capital improvement or the annual budget to run long, there

Co-op Buyers Beware: New State Tax May Add Over $5,000 to Closing Costs

Governor David Patterson's budget proposes that Section 253 of the state's tax law be amended ... March 14, 2010 — New York State's proposed 2010 budget includes a new tax

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

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

Source Guide

see the guide

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