I'm in contract on an UES co-op and I just found out there's a $20,000 assessment to fix the fireplace. Do I have to pay?

… often include a term in the contract which states that buyers are not excused from their obligations to close if … … If the language in the contract makes it clear it is the buyers responsibility to independently verify assessments … be able to get out of the contract In these situations as a buyer you accept the risk that costs may change over time  …

By Emily Myers |July 24, 2023 - 9:30AM