Question on flip tax

Asked by Jlychun, Queens, NY Wed Apr 24, 2013

I purchased an co-op at Great Neck about 9 months ago. Recently I received a letter from the management that said they have mis-calculated the flip tax during closing so now they are going to add the adjusted difference ($560) into my monthly maintenance. My question is legit for them to just add the difference in my maintenance fee? Is it my obligation to pay for their mistake since all our attorneys were at the closing and we all agreed the money was already paid in full. Thanks for the advises!

Help the community by answering this question:

+ web reference
Web reference:


Anna M Brocco, Agent, Williston Park, NY
Wed Apr 24, 2013
Rather than relying on online opinions, why not simply consult with your attorney....
1 vote
Thomas Brady, Agent, Plainview, NY
Wed Apr 24, 2013
The best thing to do is call your attorneyand discuss it with him.
1 vote
Jlychun, Home Buyer, Queens, NY
Wed Apr 24, 2013
I just emailed my attorney and waiting for response now. Thanks!
0 votes
Search Advice
Ask our community a question
Property Q&A in Great Neck Zip Codes

Email me when…

Learn more