i came up with a rough estimate of 30 owner occupied apartments to the 59 we have in the coop. i used the proprietary lease for the parameters of owner occupier.
the board president is not an owner occupier, nor are some other board members.
in reality we have 50% owner occupied. That is why the building had gone to shit.
we have at least one resident that should have never moved in, should habe been evicted the first month, since he was not the shareholder.
he has caused many problems for his eifghbor, yet the board and manging company refuse to do anything. could be more inside dealing.
But 50% is real bad
going to be hard to sell , since the word is out.
Dont shoot the messenger ,thank your board
These post are my personal thoughts and comments only. They refer to my extreme displeasure that I am now looking for a new place to live after 28 years here, since I will not live in a building with a board president and managing company that refuse to follow the Business Corporation Law and our co-op proprietary lease and By-Laws. The rest of the board, have not functioned. The owner-occupied ratio dropped from 80% to about 50%.
Showing posts with label owner occupied ratio. Show all posts
Showing posts with label owner occupied ratio. Show all posts
Wednesday, April 21, 2010
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