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Old 10-14-2009, 01:26 PM
 
373 posts, read 1,361,488 times
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Is it typical for a co-op board to charge these fees when people move in and move out? I asked what the fees are for and they said just in case any of the common areas are damaged during the move. Well, then, make it a refundable fee. But these are non-refundable fees of $300-ish each, a fee for the people moving out and another fee for the people moving in.

I say they're just trying to collect fees any way they can. By the way, this is on top of the $200-ish application fee.

So, is this common?
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Old 10-14-2009, 06:03 PM
 
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hey lightingqueen, i just submitted my co-op application, the management company requested a $500 move in fee, but its refundable as long as you dont damage anything on premise while moving in, and my application fee was $50.
i think only westchester has these fees, i know people who live in co-ops in queens and long island who never have to pay these fees
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Old 10-14-2009, 06:54 PM
 
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No, they're all over. In Manhattan the fees are about $1000 in some buildings.
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Old 10-15-2009, 11:07 AM
 
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Any westchester realtors familiar with co-ops....

I don't know if there is such things as typical fees or if it just varies widely by co-ops, but what is the common practice on the moving fees?

As I mentioned in the original post, this one particular co-op I am looking at has a move in AND move out fee of $350 each. And these are non refundable even if you dont cause any damages to the common areas. So they get you $350 coming in and $350 going out.
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Old 10-15-2009, 12:10 PM
 
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Quote:
Originally Posted by Viralmd View Post
No, they're all over. In Manhattan the fees are about $1000 in some buildings.
Are you saying $1000 in moving fee, non refundable to the co-op board?
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Old 10-16-2009, 07:36 AM
 
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Yup, sometimes! Depends on the building, whether they have a flip tax, etc.
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Old 10-16-2009, 08:00 AM
 
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lightning weren't you thinking of buying a house? If you can afford it avoid coops and get a condo/townhouse.
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Old 10-16-2009, 10:41 AM
 
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Quote:
Originally Posted by sdcity View Post
lightning weren't you thinking of buying a house? If you can afford it avoid coops and get a condo/townhouse.
It's also a question of location for us... Just looking at all options. Those ridiculous fees do put a bad taste in my mouth but it's like having a closing cost when buying a house.
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Old 10-16-2009, 10:51 AM
 
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Okay, just try to give more weight to condos over coops.
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Old 10-16-2009, 10:51 AM
 
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my co-op, in the city, charges refundable move in deposit of $1000 (to cover any damages) on top of non refundable move in fee of $500. I believe this is very typical for most co op buildings - co op boards can basically do anything - unless it is illegal. I was told the move in fee is to pay for a staff to make the service elevator available to your movers, operate it and monitor the whole move process for the security of the building. The building charges the same also for move out process.
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