What to Do When Expense Allocations Get Out of Whack in Mixed-Use Condominiums 

December 9, 2022

Leni Cummins discusses the allocation of expenses between residential and commercial units in Habitat Magazine. In the article, Leni emphasizes the importance of making sure that the managing agent understands the prescribed allocation methodology and how it’s applied.

“When a sponsor is looking to market their building, they want to keep the allocation of expenses for the commercial units down,” Leni explains.

"So they’ll keep an eye toward minimizing the common expenses," she adds.

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Authors

Leni Morrison Cummins

Chair, Condominiums & Cooperatives

[email protected]

(212) 883-4954

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