Tana, Home Buyer in New York, NY

1.can coop increase meintenance within less than a year of ownership? 2. can the increase be affective withing a month after the notice?

Asked by Tana, New York, NY Thu Apr 26, 2012

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Jacques Ambr…, Agent, Forest Hills, NY
Fri Apr 27, 2012
Yes, the Cooperative is run by the board of directors who determine how to run the building. If you are not happy with it, I suggest running for the board. There is no rule for time frame. Hopefully your attorney checked out the finances of the coop to determine if they were in good shape.
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