Alteration Agreement

For all minor alterations please fill out the Light Work Agreement. Light work alterations in general, are limited to: minimal patching of walls, painting, wall paper, replacing existing light fixtures, outlets, and light switches, replacing kitchen and bathroom faucets/handles, and replacing kitchen and bathroom countertops.

All other alteration work in an apartment is covered by the Alteration Agreement, which requires the Co-op engineer’s (or architect’s) review, approval, and oversight. The following fees apply to the engineer’s (architect’s) services and are the responsibility of the Shareholder:

  1. Coordination and Review of Alteration Co-op Agreement, and Architectural Plans, Collection of Alteration Security Deposit, Report to Board (for all alterations): Fee paid to Building Management: $350; Fee paid to the Co-op: $350.
  2. The Alteration Agreement, signed and dated by the Shareholder, the architectural plans for the renovation or apartment combination, checks for the Fees to Building Management, and the Co-op, and a check in the amount of $1,250 for payment to the building engineer/architect for the initial review of the architectural plans (see #3) should be sent to the Management Agent (Attention: Adriana Bernard), who will forward the architectural plans to the building’s engineer/architect. All questions should be directed to Ms. Bernard at Maxwell-Kates, Inc.
  3. Review of alteration plans submitted to Building Management, Building Superintendent, and to the Board paid to the building engineer/architect: $1,250 for up to four hours related to the initial review of the renovation plans, consultation with the Shareholder’s architect, site visit, and a report on their initial review.
  4. Additional hours spent by the building’s engineer/architect after the initial four hours, including, but not limited to, review of the responses from and meetings with the Shareholder’s architect, multiple site visits, interim reports to the Board, etc., will be billed on an hourly basis ranging from $215 to $375 per hour, depending on the experience level of the building’s engineer/architect.
  5. As an estimate for Shareholders’ budgeting for their renovations, fees paid to the building’s engineer/architect could approximate $3,000 - $5,000 in total, including the initial review fee of $1,250. The total fees paid to the building engineer/architect will be higher for more complex renovations, apartment combinations, situations where building issues are encountered, there are structural, plumbing, or electrical concerns, on-going and multiple discussions with the Shareholder and his/her architect, multiple site visits and inspections, issuance of the final report by the building engineer/architect to the Board clearing all open points and approval of the Shareholder’s renovation, and any other matters that may require the Board to consult with the building’s engineer/architect during the Shareholder’s renovation.
  6. All fees billed by the building’s engineer/architect after the initial $1,250 fee relating to a Shareholder’s renovation or apartment combination will be reflected in the Shareholder’s monthly maintenance statement and must be paid immediately.
  7. Alteration Maintenance Fee, paid to the Co-op: $750 per month for the first 12 months of an apartment renovation, increasing to $1,000 a month should the renovation extend beyond 12 months
  8. Utility Shut-Down Fee (Water, Gas, or Power), paid to the Co-op: $300 per line per occurrence
  9. Fine for contractors leaving the Lobby door open while unattended by building staff, to be paid by the Shareholder for whom the contractor work, to the Co-op: $250 per occurrence
  10. Refundable Security Deposit (returned in full only if there is no damage as a result of alteration), provided to the Co-op: $10,000 for major renovations (durations of three months or longer) and $5,000 for minor apartment renovations (less than a three-month duration)

Shareholders must complete and submit to Building Management either the Light Work Notification form or the Alteration Agreement, as applicable, for all apartment alterations and renovations and comply with the requirements set forth therein. Board approval is required for all apartment alterations and renovations prior to the commencement of any work.