It is my understanding that a shareholder in a coop building can only collect STAR abatement funds for an apartment s/he actually LIVES IN. If an apartment is an investment, but said shareholder lives elsewhere, s/he cannot legally collect for the unit in which s/he does not live (never lived).
Do I understand this correctly? Can someone knowledgeable about this chime in please?
Also, is there any way—without the Management or the Board’s assistance—that someone can find out whether or not an investor is inappropriately receiving STAR rebates in this fashion? (I've already checked with a friend who worked previously at the DOF, and she is no longer a source of info for me.)
Thank you so much.
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