Coop

My Co-op Neighbor Never Pays His Maintenance on Time. Can We Make Him?

trl7 months ago04 mins

Q: I am on the board of a 10-unit co-op brownstone in Harlem. We like to keep the maintenance fees low, and we count on every shareholder to pay in a timely way. I’ve lived here for 11 years, and there is one shareholder who never pays on time. We have to chase him down…

Co-op Assessment Fees: Do You Have to Pay What They Say?

trl8 months ago04 mins

Q: I am a shareholder in a Riverdale co-op, and the board recently announced a $500,000 assessment that must be paid over the next three years. Based on my calculation, on average, each shareholder will be charged $5,000. The board said the assessments were needed to cover repairs and new city mandates, but was vague…

Chief Editor

Rasif Islam

My Co-op Neighbor Never Pays His Maintenance on Time. Can We Make Him?

Co-op Assessment Fees: Do You Have to Pay What They Say?

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