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Habitat Magazine Business of Management 2021

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FeesDec 30, 2020

May fees be assessed for a particular issue verbally and not in writing ? . Or does any assessed fee need to be in writing whether or not the authority to assess in general is written in the proprietary lease ?

Thank you

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Fees - Board Prez Dec 31, 2020

You don’t say what kind of fee it is. Is it a capital assessment? Will it appear on your monthly invoice?

Check the prop lease to see if it states that the Board has the authority to impose other kinds of fees. If it doesn’t say it outright, then they may not be able to. I think there’s case law on this.

Maybe an RE Attorney will chime in on this.

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Fees - Saft Jan 01, 2021

Thank you

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