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Taking the mystery out of NYC’s real estate world.

Jerome Strelov Esq.

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was posted on January 16th, 2011 at 9.33am and is filed under Definitions and Concepts..

Jerome J Strelov Esq.

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Assessments: These are charges over and above the usual common charges or maintenance and should be temporary and cover very specific items such as major renovations.  Find out how long they are to run for and what they are for.  If they are to cover usual operating expenses rather than “one time” expenses, you should drill down to find out what is going on and, if you cannot get a reasonable answer, consider moving on to another property.

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