What is a 'major capital improvement' and how does it affect the rent?

… want our apartment to be kept in good condition tenants of rent controlled or rent stabilized units in New York City … joints in the brickwork or masonry of exterior wallsand it does fall within the MCI category as does waterproofing … rentals … renting … What is a major capital improvement and how does it affect the rent

By Celia Young |September 11, 2024 - 10:30AM
What is a working capital fund contribution for condos? Are these common in NYC?

… If youre looking to buy a condo in New York City youve probably experienced … new owners to make a contribution to the reserve fund … What if the fee seems high … Its possible to see a working … as high as six months of common charges While rare higher fees are possible because the amount is set by …

By Celia Young |October 9, 2023 - 1:30PM