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Rent Stabilized Tenants in Coop

Started by WindsorCourt
almost 17 years ago
Posts: 34
Member since: Aug 2007
Discussion about
A friend bought in a coop and recently found out from a doorman that there are rent stabilized apartments in the building that don't contribute maintenance which is why the cost is so high. Two questions: 1) Is it possible to see this somehow in the Acris database? Which document should you look at? 2) Once the stabilized tenants leave the sponsor sells the units - so assuming the sponsor always owned those shares, why is the sponsor not responsible for contributing to common costs? Thanks!
Response by hejiranyc
almost 17 years ago
Posts: 255
Member since: Jan 2009

The sponsor is always responsible for contributing to common costs. However, if the sponsor is the coop itself, it is effectively "zero" since the coop would basically be paying itself.

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Response by alanhart
almost 17 years ago
Posts: 12397
Member since: Feb 2007

Doormen are basically just wannabe Page Six columnists who failed the fact-checking exam.

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Response by WindsorCourt
almost 17 years ago
Posts: 34
Member since: Aug 2007

Thanks - anyone know about where to find this information on Acris?

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