Asked by Saran, New York, NY • Mon Aug 25, 2008
Would this result in an increase in monthly maintenance fees? Based on historical analysis of the co-op (by speaking to a management agency rep) it would, by about $50/month every 5 years. An increase to current rates would mean approx. 6.75%, and this information wasn't fully or voluntarily disclosed to us. It seemed a little sneaky on the Seller's part. Now one of the main draws of this co-op was its low maintenance fees, but now, we may end up in the range of other co-ops, negating this benefit. But we found this out after our offer was made. What can we do now? It's not like we can make a different offer once the contract is drawn up right? And the new fee, would happen on or about the closing date- what a welcome?!
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