Condo Board fees
Started by karent1224
almost 17 years ago
Posts: 4
Member since: Jul 2008
Discussion about
Hi everyone - I signed a 1 year lease to rent a condo in a luxury building. I had to pay about 1500 for the condo board application, processing, and such fees. Does anyone know- when the lease is up.. do I have to go through the entire condo board application/fees procedure again?
no, you do not. There might be a small ($150 or so) fee to process the lease renewal, but that's usually borne by the owner.
ali r.
{downtown broker}
You shouldn't have to pay anything else.
I'm surprised the initial fees were so much. In our doorman condo building, there's a $250 application fee that includes screening reports, processing, etc. You are require to leave a check for $1000 as a damage deposit for move-in/out, but that's returned in full if there's no damage.
I paid a $1000 processing fee, a $250 background check fee, and a $250 waiver fee (All 3 non refundable)
Would the fee to process the renew the lease be $1000 again?