1) make sure to have your water bill carefully checked! We just got back, yes, $25,000. (the guy hired to review the bills got to keep 10% as payment)
2) also we had a plumber fix every single leak inthe building and review all plumbing in each apt and our bill went down dramatically!
3) if you have a commercial tenant, they should pay their own water bill. OUrs was using our water and we worked out a payment deal for past costs when we found out.
Any ideas on how to address a chronic objectionable behavior issue with someone who got himself elected to the new Board due to the large amount of shares assigned to his unit? The outgoing Board was ready to send an attoney's letter to the person about smoke and noise coming from his apt and decided to wait until the new elections. Now we have the problem shareholder on the Board. We have a majority within the Board who want to resolve this problem, however. The Shareholder has refused for years, to take adequate measures to soundproof and stop migrating smoke which fills the lobby and penetrates other apts. We have never tried legal avenues before. Should we speak to the Board member first or send a letter? Can he even be on the Board if he is in violation of the house rules? Help! Thanks, BT
Have any of your condo boards exercised their right of first refusal purchase in recent memory? If so, what were the circumstances and did this prove to be a tremendous financial burden on the unit owners? This is one of my great fears about living in a condo building, but I know I have to be prepared for this in the future.
we are considering making an amendment that all residents in the coop (inc. the sponsor's market-rate rentals) must have renters or coop insurance. as an incentive, we would like to negogiate a group discount with an insurance company (for example, if anyone uses Travelers, they get a 20% discount) - has anyone done this?
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