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Real Estate
Reply to "I need to raise Common Charges Again - When do I tell People?"
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[quote=Anonymous][quote] also 2/3rds of buildings are uppers who have zero flood risk. Not even in Sandy. My unit my ground floor is almost five feet up. So the 2/3rds of uppers have head in sand and lower unit owners would need in our 30 unit building at least 16 owners to vote to buy them out. Good luck with that. [/quote] But... so what if some individual units have "zero flood risk"? It's a condominium. Parts of the property are owned individually and parts are owned communally. And the increase in insurance is for the condominium as a whole and must be absorbed communally.[/quote]
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