Such a discovery will depend on many factors. In most cases if through ordinary due diligence the buyer is able to confirm the maintenance charges prior to the contract by verifying the amount directly with the managing agent, then it will be difficult to accuse the seller of misrepresentation, if an unintentional mistake was made … More What if I discover at closing that the maintenance is higher than what was represented by seller in the contract?
Unless the contract of sale specifically provides for reimbursement of rate lock extension fees to the buyer (which is usually not the case), or provides for a time is of the essence closing, the seller is not under any contractual obligation to reimburse the buyer for fees incurred in extending the lock in period for … More Rate lock extension fees. Who pays it?
Absolutely not. Although the form contract has a ‘”fill in the blank” for both seller and purchaser social security numbers, it is not recommended to put this information on the contract. In the age of identity theft, it makes no sense that this information is on the contract, a copy of which can easily end … More Must I provide my social security number on my co-op contract?
The new law signed by Governor Paterson a few months ago which requires landlords to disclose to potential tenants a one year history of any bedbug infestation, also applies to co-op and condo members in buildings as well. If your co-op apartment is invaded by bedbugs can you demand that the co-op board pay for … More Invasion of the night crawlers.