State: New York
I sublet an apartment in a West Side co-op, and the Board has recently approved a 25% annual service fee on top of the maintenance for all persons who are subleasing or sharing their apartment.
The Proprietary Lease states that “The Board of Directors shall have the authority before an assignment or sublet of a proprietary lease...to fix a reasonable fee to cover actual expenses and attorneys’ fees of the Corporation, a service fee of the Corporation and such other conditions as it may determine”. There is a tenant’s Review Committee which approves all subleases and non spousal shares prior to occupancy.
As my sublease was approved in 1997, and there has been no change in the tenancy in my apartment (which would trigger a new approval), am I subject to such a fee after the assignment has been accepted by the Board?
Gman310
New York, NY
I sublet an apartment in a West Side co-op, and the Board has recently approved a 25% annual service fee on top of the maintenance for all persons who are subleasing or sharing their apartment.
The Proprietary Lease states that “The Board of Directors shall have the authority before an assignment or sublet of a proprietary lease...to fix a reasonable fee to cover actual expenses and attorneys’ fees of the Corporation, a service fee of the Corporation and such other conditions as it may determine”. There is a tenant’s Review Committee which approves all subleases and non spousal shares prior to occupancy.
As my sublease was approved in 1997, and there has been no change in the tenancy in my apartment (which would trigger a new approval), am I subject to such a fee after the assignment has been accepted by the Board?
Gman310
New York, NY