BREAKING NEWS | Philadelphia

Nov 18, 2015

PHILADELPHIA CONDOS - CHANGE YOUR 2016 BUDGET
DELETE THE HOUSING INSPECTION LICENSE | ADD THE HIGH RISE FIRE INSPECTION LICENSE
 After much confusion over many months, Gary Krimstock, Esq., CCAL from Fineman, Krekstein & Harris was able to confirm with the City of Philadelphia that the law has changed on licenses for condominiums. Beginning in 2016, the Housing Inspection License has been eliminated, along with its $50 per unit / per year fee for all the units in a condo building - no more license and no more fee. All condo investor owners who rent out a unit will now need an Individual Rental License at a fee of $50 per unit / per year.

The High Rise Fire Inspection License will still apply to condo buildings over 75 feet high, with a fee of $.01 per square foot / per year, but the current exemption for residential area has been deleted, so this fee will now be charged for all the area in a condo building, whether commercial or residential.

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This information was furnished by Gary Krimstock, Esq., CCAL | Fineman, Krekstein, and Harris | gkrimstock@finemanlawfirm.com | www.finemanlawfirm.com | 215.893.9300 

For more information, please contact Gary Krimstock, Esq., CCAL via e-mail at: gkrimstock@finemanlawfirm.com or by phone at: 215.893.9300 

 


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