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Can a condo unit owner's failure to pay any NYC real estate taxes on his apartment ever negatively affect the finances of the building as a whole? And at what point in time does the NYC Dept. of Finance generally take action?
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This is probably a simple question for the Condo counsel; however, my educated guess tells me, it's a NO. If taxes are paid individually by a condo owner, the failure to pay the taxes does not pose a financial problem to the association just like a mechanical lien on his/her deed will not make a difference on the association.
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