FW: Museum Tower Condominium - Unit 50A
Mr. Wang,
With regard to the proposed work in Unit 50A at Museum Tower Condominium, Nicholas Athanail has advised that I contact you to review the requirements of the Condominium to permit the work to proceed.
Mr. Athanail has advised that the Unit owner has concerns regarding the work, work that is proposed and will be undertaken by the tenant of the Unit. I note the following:
I. The Condominium must have the approval of the Unit Owner for the work to proceed and the Alteration Agreement between the Unit Owner and the Condominium is the vehicle for the Owner to provide its approval to the Condominium.
The Tenant has advised and agreed to indemnify the Unit Owner, and the Condominium, with regard to the work.
I believe that you may be aware that the proposed work will be an improvement to the Unit and that proposed work is in keeping with the character of Museum Tower Condominium, and is not unusual in any way from many renovations done in many other Units.
Finally, Museum Tower Condominium, is willing to work with the Tenant directly with regard to all matters of the proposed work but the Condominium can not do so without the executed alteration agreement with the Unit Owner.
Please call me so we may discuss the matter, or e-mail me with your contact information and a time that you arc available.
Thank you.
John G. Carpentieri
Douglas Elliman Property Management
675 Third Avenue
New York, NY 10017
Mr. Carpentieri,
It appears that what you arc saying is different than what was informed by Nick.
Please confirm if you arc saying that there will be no three party document (i.e. between the Condominium, Tenant, and Owner). If so, then our understanding is that we will need to execute the three documents as follows:
I) Alteration Agreement between the Condominium and Owner
Alteration Agreement between the Owner and Tenant
The Indemnity Agreement signed between the Tenant and Owner
Again, if the above understanding is correct, then we still need the draft of the Indemnity Agreement.
Once we have all three documents, we will send out comments or confirmation as soon as possible.
Eugene
Good Morning ...Just FYI ....
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