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Updated about 1 month ago, 10/13/2024
Building "lease fee"
Hi everyone,
My building (condo high rise) started implementing a fee called "lease fee" two years ago. Its $500 per year.
They passed the resolution. Can this challenged or negotiated in some way?
I own one apartment (vs some "investors" who own multiple units in the bldg ) and have the same (great) tenant since before this resolution. They want to charge this fee every time the lease renews not every time I have a new tenant. I feel it's a bit unfair and frankly I am not going to charge the tenant anymore than what the place is worth market rate because of its location and he is a great tenant (pays on time, keeps the place clean, communicative etc) I feel like i should even give him a break because he said he couldn't even be home since there was construction all summer due to building maintenance repairs.
Thanks.