In our case, it is not pre-existing in teh specific apt where a rent-controlled tenant just passed away. The current sponsor/owner (an investor who bought it from the original sponsor) hopes to install a WD before the sale of the apt.Our building prohibits new ones: Can they do this?
I also cannot make sense of the below from a recent article on sponsor apts...?
"No grandfather clause. Sponsors do not need board approval for renovations, so a sponsor-owned apartment might have a washer/dryer in a building that forbids shareholders from installing them. In such cases, says Karen Sonn, a closing attorney with Sonn Associates, “the board will not grandfather that washer/dryer to the next buyer.” Sonn adds that the building’s alteration package or sales package may require the incoming buyer to do upgrades to the electric panel, windows or radiators.
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
I doubt I am wrong, but while the sponsor may not have to get Board approval for renovations but they do/should have to abide by the renovation rules and policies.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.