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're out of a lot of money. We legitimately felt he had no complaints." Richard Herrmann, a lawyer who
." But dealing with such complaints requires spending money on a lawyer. "Ultimately, you have to go to court
that to save ourselves some money on the construction. Also, the spaces are a little bit unusual and we figured
.S. Senator Charles E. Schumer on HUD's decision to will allow money from its Community Development Block
of money — and you're dealing with someone else's health," he says, adding another plus: "Many, many people
it, long-range planning is not about the money; it's about every board's responsibility, both to its
and common sense are as important as power — and a lot less waste of the co-op's time, money and public image
significant sums of money." Those two parties and the unit-owners each put up about a third of the project
. So, in that sense, the city is going to be your partner. The city needs money to operate. I don
. Extra money obtained from the refi was earmarked for elevator repair and replacement, facade work

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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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