Flip Taxes: Co-Op & Condo Boards’ Tool for Boosting Reserve Funds (NY)

/ Owner - April 9, 2024

It began back in the 1970s as a tool to discourage real estate speculators and to avoid assessments and increases in monthly charges. Today it is primarily a tool for co-op and condo boards to keep their reserve funds robust. And when it comes to setting one — and determining who pays it — there’s a lot of wiggle room.     Read the article…………………………….

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