How A Small Condo Tackled A Shared Expense Problem

It's not uncommon for condos with commercial space to find the owner of that space isn't contributing adequately to the shared expenses of the building. The board then finds itself doing assessments for residential owners while the commercial owner's monthly payments stay flat. The question is, how to get out of this situation without discord or a lawsuit? Avi Zanjirian, CPA and partner at Czarnowski & Beer shares how a 15-unit condo-op on Manhattan's West 3rd Street accomplished this. Habitat Magazine's Emily Myers interviews Avi Zanjirian.Thanks for listening. Subscribe to this podcast for more stories on how New York co-ops and condos have solved a myriad of problems. Brought to you by Habitat Magazine, the "bible" that hundreds of board directors turn to every day!