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If a shareholder applied for Enhanced Star in 2022 and received an approval notice, does that have to be listed when we file the Annual Renewal and Change Form in 2023?
Join the Conversation Comments (1)All co-ops are required to file this by February 5th every year to report changes in ownership and even if no new changes.
Steven - Here is the Annual Renewal and Change Form that marym is talking about. Thank you marym for the information!
https://www.nyc.gov/assets/finance/downloads/pdf/coop_condo_abatement/coop-renewal-application.pdf
Thanks, Marym and Marty. Our Property Manager and Managing Agent handle that for us and I think they refer to it with a different name.
In filling out the coop tax abatement renewal form due Feb 15, 2024, on page 2 (schedule B) are we to record *only changes* that have occurred? and not a relisting of the entire roll of owners?
We are a self managed property of a small number of units and for years we have not had to report any changes. One unit turned over last year and so now we are scratching our heads if we only report on the renewal form the one changed item, or if we have to have a line item for each resident even though nothing has changed for everyone else.
We have written into the DOF and have not heard back.
Any thoughts are appreciated, and thank you in advance.
Looking at the form (https://www.nyc.gov/assets/finance/downloads/pdf/coop_condo_abatement/coop-renewal-application.pdf), it appears that you don't need to list any individual apartments. On the first page, right after the INSTRUCTIONS and before SECTION A, it says...
"If you have no changes to report, please check this box. ■
**We will renew the abatement for all of the units that received it last year.** By checking this box, you are confirming that there have been no changes in primary residency, ownership, changes in unit type (for example, residential to commercial), or mergers of units."
Then it looks like you fill out the 4 parts of Section A and the OFFICER/AGENT ADDRESS section below Section A and you're done!
Good luck and keep us posted!
Wow, did I mess that up. I apologize.
Since you do have 1 apartment that turned over, you’d have to list that in Section B.
Do NOT check the box saying you have no changes to report.
You still need to complete Section A and the Officer/Agent Address portion, too.
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What is an Annual Renewal and Change Form?
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