ARCHIVE SEARCH RESULTS

Alteration agreements should be carefully checked for completeness and time frames, and an alteration and assumption agreement should be signed by incoming purchasers to ensure that the current owner takes responsibility for any issues arising from the work. (Print: A CLOSE EYE AND IRONCLAD AGREEMENTS)

The court ruled in favor of Mr. Clauser, stating that he was not liable for the repair and maintenance of the French doors in his apartment, as he had never signed an agreement with the co-op or the previous owner. (Print: Old Alterations, New Headaches)

Boards must be clear about what kind of work they will allow without a building permit to avoid fines and violations against the building. (Print: Shareholder Renovation Permits: Attention Must Be Paid)

Keep track of the history of apartment alterations. It will help assign responsibility for repairs after a one-time casualty leak.

Co-ops require alteration agreements for apartment changes, but future owners may not be aware. Assumption agreements at closings ensure responsibility clarity.

Boards are passing on building upgrade costs to shareholders during apartment renovations to control expenses, especially in aging buildings.

A co-op's failure to secure a signed assumption agreement for apartment alterations led to a $2.5 million repair bill, highlighting the importance of ensuring buyers take responsibility for previous modifications through signed documents.

Consistency is key when enforcing rules.

What your alteration agreement shouldn't overlook.

Boards do have the right to revoke their approval of enclosed balconies.