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………………
Related Post
November 1, 2023
February 11, 2022
August 4, 2018
January 23, 2019
Comments are closed.