Tenant's Association Coop and Condo Inspections

The State of New York Office of the Attorney General the sponsor to supply a report prepared by a licensed Professional Engineer or Registered Architect for condominium and coop conversions.  After the sponsor transfers control of the building, the new owners become responsible for expenses.  By the time the sponsor transfers control, the condition of the building may have changed significantly from the time of the initial conversion.  There may also be a dispute between the sponsor and the tenant's association as to the actual condition of the building.

If you are buying a condo or coop unit, click here.  If you are buying a building, click here.  If you are converting a building to a condo or coop, click here.

To protect their interests, many tenant's associations retain a licensed Professional Engineer to prepare a report on their behalf.  This report will compare the condition of the common areas to the conditions indicated in the original sponsor's report.  If there are significant differences, the tenant's association can request that the sponsor adjust the reserve fund.  Planning ahead can help prevent large assessments in the future.

Call 800.640.8090 or use the online form 24/7 for more information.