assessments for property taxes of coop
Posted 28 January 2013 - 03:51 PM
Posted 28 January 2013 - 04:52 PM
Posted 28 January 2013 - 06:06 PM
do we have to pay a 1.69 % per share assessment imposed by our management co in addition to our regular maintenance fees and other assessments supposedly earmarked to pay for property tax arrears?
I'm guessing that the answer to that question is yes and that you can find it in your shareholder's agreement. Read it.
Who can audit our management co?
You will probably need to hire a lawyer and file suit against the co-op management or board in order to compel an audit.
You can foot the bill for it if you like or you can see if you can form a shareholder's association where everybody contributes to the attorney fees.
Warning: Legal issues are complicated. Explanations and comments here are simplified and might not fully explain the ramifications of your particular issue. I am not a lawyer. I do not give legal advice. I make comments based on my knowledge and experience. I guarantee nothing. If you act on my comments without the advice of an attorney, you do so at your own risk.
Posted 29 January 2013 - 02:18 PM
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