Anyone wanting to purchase an apartment in your buildings will request to see the 2015 and 2016 financials so they are absolutely relevant. Most people renovating typically don't even interact with board members when renovating, you should be speaking with the management company about all this. I would contact them and request the financials and alteration agreements. They're the ones that should be sending it out in the first place. If you haven't been receiving audited financial statements every year that's troubling. I also don't recall seeing such a high alteration fee, or one based on the percentage of the renovation budget (It doesn't cost more for the condo's architect/engineer to review more expensive fixtures/finishes). Not allowing wet over dry renovations is very common. Are you saying he revised these rules only for his own renovation? Most condo boards like it when apartments are renovated as that typically raises the sales prices in the building but in smaller boutique condos where everyone will hear the renovations and be affected by water shut downs, etc, that might not be the case. I would first reach out to the managing agent.
Jason thanks for the great reply.
What do you typically see as a renovation fee for Manhattan condos? And is it a simple flat fee?
It’s a smaller building and the board tells the building manager what to do.
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