Allocating expenses to commercial units in a condo can get tricky when the sponsor is involved.
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ArticleTopicsColumn TypeIssue
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What to Do When Expense Allocations Get Out of Whack in Mixed-Use Condominiums
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How Record-Keeping in New Condos Can Uncomplicate Sponsor Relationships
Settling what expenses belong to a sponsor and what belong to the new co-op can be daunting.
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How to Part Ways
Sublets and sponsors can stop a sale in its tracks.
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Can a Holder of Unsold Shares Vote at the Annual Meeting?
The answer is complicated and depends on your governing documents.
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Investing In-House
Buying sponsor apartments pays off for Birchwood House.
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Sponsor Self-Dealing
You hear a lot of horror stories about physical defects in newly constructed condos, but not so much about boards taking over from sponsors and then discovering irregularities.
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Sponsor Obligations
Corporate documents will spell out if a sponsor can hold on to rental units or is required to sell them to independent purchasers.
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Sponsors Can Leave Knotty Problems When They Give Up Control
It’s up to new owners to read the fine print.
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When the Sponsor Won’t Go …
Give him the boot.
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Battling the Sponsor
Lynn Van Den Hende talks about the struggles of dealing with an uncooperative sponsor.
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