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Question re apartment sale

post #1 of 17
10/10/07 at 1:03pm
Thread Starter 
We've recently purchased neighbor's apartment and plan to combine the units. Moveout is next week after a long year and a half process. Seller is nice guy, but in setting up final 'walk-through' he informed us that he plans to remove and take the front door Medco lock with him (this is a security deadbolt located above the main handle/lock mechanism). I assume he purchased and installed it, but is this a weird thing to do? Are they very expensive?
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post #2 of 17
10/10/07 at 1:08pm
Quote:
Originally Posted by romafan View Post
We've recently purchased neighbor's apartment and plan to combine the units. Moveout is next week after a long year and a half process. Seller is nice guy, but in setting up final 'walk-through' he informed us that he plans to remove and take the front door Medco lock with him (this is a security deadbolt located above the main handle/lock mechanism). I assume he purchased and installed it, but is this a weird thing to do? Are they very expensive?

Dude, you are buying an apartment in NYC and you are asking about the price of a Medco lock??

If you are handy, you can install one yourself and save some cash. If not, a good one installed should run you about $300-500. So, instead of the cost of the apartment being $4,000,000, it is now $4,000,500.
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post #3 of 17
10/10/07 at 1:13pm
Quote:
Originally Posted by romafan View Post
We've recently purchased neighbor's apartment and plan to combine the units. Moveout is next week after a long year and a half process. Seller is nice guy, but in setting up final 'walk-through' he informed us that he plans to remove and take the front door Medco lock with him (this is a security deadbolt located above the main handle/lock mechanism). I assume he purchased and installed it, but is this a weird thing to do? Are they very expensive?
Yeah, it's a small thing to quibble over, but it's weird. If he has some strange personal attachment to the lock, his lawyer should have specified this in the contract. I believe that all door hardware is considered "personalty" and should therefore be part of the sale. Congratulations, by the way. Edit-I'm not a lawyer or anything, but just went through the process myself. Thankfully no trouble with locks. BUT the fridge that came with the apartment broke between walk through and closing, and we can't get it out the front door, at least not without taking the apartment door off the hinges...
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post #4 of 17
10/10/07 at 1:19pm
Thread Starter 
I figured they were only a couple of hundred bucks - it just seems weird that someone (and believe me, my neighbor makes me look like Bob Villa) would go to the trouble to take the thing off and bring it w/ him....
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post #5 of 17
10/10/07 at 2:14pm
I'd be tempted to ask him where in the contract it specifies that the deadbolt on the front door does not convey? Easy to replace or not, it's stupid and probably a breach of contract. But then again, we know that I don't much care for people.

b
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post #6 of 17
10/10/07 at 2:45pm
Thread Starter 
Bob, you are wise. Look to the four corners! Didn't have to read very far to locate the breach, so it looks like the gloves are coming off.....
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post #7 of 17
10/10/07 at 3:21pm
Quote:
Originally Posted by romafan View Post
Bob, you are wise. Look to the four corners! Didn't have to read very far to locate the breach, so it looks like the gloves are coming off.....

Smack that bitch!

This is known as nibbling in negotiations lingo. Some parties still continue to nibble even after the transaction is closed. The easiest way to deal with this, given that the guy said he has sentimental values attached to the lock, is to make him buy you an equivalent. If he wants something, make him pay for it.
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post #8 of 17
10/10/07 at 3:35pm
Medeco locks are the nuts (I just put one into my own new apartment). But taking it with you is a bit odd. They're not exactly hard to procure. Mine cost ~$160-200, IIRC. But if he wants it, ask him to pay for it.

Re: the refrigerator. I had to replace mine when I moved in. The interior door frames in the apartment are all metal, and in the end I had to remove everything that stuck out of the front or back of the new fridge to get it into the kitchen, and even so scraped a bunch of the paint off the door frame (luckily no real damage to the brand new, and not-cheap, refrigerator.

Had to to the same with the oven.
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post #9 of 17
10/10/07 at 4:09pm
My rental building allows the removal of the deadbolt, and is the responsiblity of the new tenant to replace. Does seem a bit odd anyway. Is that going to be the main door once the apartments are combined? If not, then you should replace the lock with something more permanent.
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post #10 of 17
10/10/07 at 4:17pm
Thread Starter 
Quote:
Originally Posted by grimslade View Post
Medeco locks are the nuts (I just put one into my own new apartment). But taking it with you is a bit odd. They're not exactly hard to procure. Mine cost ~$160-200, IIRC. But if he wants it, ask him to pay for it.

Re: the refrigerator. I had to replace mine when I moved in. The interior door frames in the apartment are all metal, and in the end I had to remove everything that stuck out of the front or back of the new fridge to get it into the kitchen, and even so scraped a bunch of the paint off the door frame (luckily no real damage to the brand new, and not-cheap, refrigerator.

Had to to the same with the oven.

Apparently no sentimental value, just a small-eared seller. Read him chapter and verse, and the f***er caved....
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post #11 of 17
10/10/07 at 4:28pm
Quote:
Originally Posted by romafan View Post
Apparently no sentimental value, just a small-eared seller. Read him chapter and verse, and the f***er caved....

Nice.
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post #12 of 17
10/10/07 at 4:47pm
On a related note: Romafan, are you in a condo building? if so, do you now have to pay twice the condo fees (or fees equal to if the units were separate)? Or does the condo association cut some slack? I'm not sure how they could, but I'm just wondering.

We have talked about some day buying one of the units next to us but the idea of paying pretty much twice the fees is ridiculous when simply buying a bigger unit in the building would give us both more room and a smaller fee than combining.

b
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post #13 of 17
10/10/07 at 5:06pm
Thread Starter 
Co-op. Maintenance is dertermined by # of shares, which in turn is determined by size (sq. footage) of your apt. We have a 2 BR, and will be combing w/ a smaller 1 BR, so monthly fees will go up, but not double. We did have to pay a 'move-in' fee, even though we're already here...
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post #14 of 17
10/10/07 at 5:07pm
I am in a co-op and a pay two maintenances on my combined apartment.
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post #15 of 17
10/10/07 at 5:53pm
Guess that would eliminate you wondering if he really gave you all the keys
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