New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
capital assessmentOct 08, 2013

It all depends on what the $400 is compared to the monthly maintenance. You have to consider the ability of your shareholders to pay that much more per month for a year. Our building had an assessment that amounted to about 20% of the maintenance for a 24 month period to cover major facade and terrace work. The 20% seemed to be the most we could charge before it became a problem for a number of people in our building. If the $400 in your building is more like 40% of maintenance then look at charging a lower amount for a longer period of time and put off the work if possible.

Join the Conversation Comments (0)

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?