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Superintendent's Apartment & Maintenance Costs

Started by lowereastside184
about 18 years ago
Posts: 4
Member since: Feb 2008
Discussion about
I live in a downtown building that is undergoing condo conversion. Is it standard practice for the super's apartment to be "purchased" at full market price by the condo residents, and then that cost divided and factored into the monthly maintenance charge? In this case, the super has chosen one of the most expensive apartments in the building, the sponsor has agreed to give it to him, and the offering plan says the residents will purchase it for full market value.
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