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September 9, 2007
Who's responsible for Assessments?
Who's responsibility should a coops special assesment fall upon, the shareholders, or alternatively the current occupants, be they renters, subletters, etc. ?
Comments
You own, you pay it. Certainly if you have some agreement thought occupant pays all costs (such as if a daughter is living in he rmother's co-op), I cna imagine passing it on to occupant. Nd of course you can always pass it on by raising the rent. But the C-op board is only interested in the owner.
Posted by: Putnamdenizen at September 10, 2007 7:42 AM
The responsibility for payment of an assessment falls upon the shareholder.
PutnamDenizen spells it all out correctly...
co-op board only deals with the shareholder when it comes to collecting maintenance, assessments etc.
Posted by: bren at September 10, 2007 9:00 AM
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