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CONDO AND COOP RULES OF THUMB: CAPITAL IMPROVEMENTS

Capital improvements are construction projects that enhance your property’s overall value, and/or extend the useful life of the property, such as installing a new roof or upgrading plumbing or wiring.  These projects tend to be more expensive and extensive than...

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CONDO BOARDS AND THE RIGHT OF FIRST REFUSAL

A condominium unit owner has significantly more freedom to transfer and sell her unit than a cooperative shareholder, who is restricted by his board’s broad power to veto a proposed sale by rejecting the proposed buyer’s application.  At the same time, a condo board’s...

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CONDO AND COOP RULES OF THUMB: WHEN OWNERS FALL BEHIND

Financial difficulty happens and even the best of people can fall behind, but when you live in a condominium, one owner falling behind on common charges can mean less money for maintenance and amenities, and ultimately, trouble meeting building operating expenses. ...

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