Boards are passing on building upgrade costs to shareholders during apartment renovations to control expenses, especially in aging buildings.
Boards are passing on building upgrade costs to shareholders during apartment renovations to control expenses, especially in aging buildings.
A co-op's failure to secure a signed assumption agreement for apartment alterations led to a $2.5 million repair bill, highlighting the importance of ensuring buyers take responsibility for previous modifications through signed documents.
Consistency is key when enforcing rules.
What your alteration agreement shouldn't overlook.
Boards do have the right to revoke their approval of enclosed balconies.
A new road map for renovations.
Safety of residents and workers – not convenience – is the top priority.
How should co-op and condo boards deal with an unclear trail of alterations in a sold unit?
Why are alteration agreements in in self-managed co-op and condo buildings challenging?
Co-op and condo residents must sign an alteration agreement to do work on their apartment, but agreements don’t stop people from causing problems.