Here a New One: a Monthly Fee During Renovation Work (NY)

/ Owner - September 5, 2018

Without consulting shareholders, an Upper West Side co-op board has quietly implemented a $1,000 fee – to be charged once a month for the duration of every apartment renovation project. The board instituted the fee two years ago and mentioned it, in passing, at this year’s annual meeting with shareholders. When questioned about the board’s power to impose such a fee, the managing agent replied, “Everyone’s doing it.” Is this true?    Read the article………………

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