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A co-op board has wide latitude to operate in the best interests of the building and the shareholders. But some fees are unreasonable.
Asking pot smokers to better ventilate their apartments may not work in older buildings or ones with poor air circulation.
Transfer fees, a.k.a. flip taxes, typically fund upgrades and improvements in co-op buildings. But how much is too much?
Flip taxes, also known as a transfer fees, help co-op buildings raise money for repairs and improvements, and they must be described in your governing documents.
