Can We Get a Maintenance Rebate If Gas Is Shut Off in the Building?

Aug. 28, 2015 — We’ve just closed on an apartment and have learned that the gas has been shut off to the whole building. Can we get a maintenance rebate?

From a management perspective, we would review with the new shareholder the following questions: What did the seller disclose? What did the broker disclose? What due diligence did the new shareholder's attorney complete? Were there any walkthroughs? If so, discuss what was looked at during the walkthroughs.

Without seeing the co-op’s proprietary lease and keeping in mind the questions by the new shareholder, it seems the scenario discussed was a scheduled repair and the shareholders were notified accordingly. It’s the seller’s responsibility to address the new shareholder’s maintenance rebate request and not that of the co-op or board of directors.

Simon Sarwa is CEO of Trillion Asset Management.