Owning at Claridge House
Interested in becoming a Shareholder?
Please contact Claridge House management through our contact page or you may contact managers directly. Let us know how we can best assist you!
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Major building renovation including new carpet, painting, lighting fixtures, door hardware and signage, 2024–25
Elevator Modernization, 2024
Claridge House earned the EnergyStar Certification for 2015, 2016, 2018, 2019, 2020, 2021, 2022, 2023 & 2024 for using less energy and generating fewer greenhouse gas emissions over similar buildings across the nation
Roof replacement, 2022–2023
Repairs to curtain wall in South Building – replaced panels under windows, 2021
Courtyard renovation, 2020–21
Replaced boilers, 2019
Replaced all fuse boxes in south building with breaker panels, Fall 2016
Exterior window repairs – all windows, Spring–Fall 2014
Penthouse renovation, April 2013
New energy efficient Chillers, April 2013
New canopy, March 2013
Common area Wi-Fi hotspots, March 2013
Major building renovation in 2008 including new carpet, paint and lighting fixtures, elevator mechanicals, resident storage lockers, new Fitness Center, Business Center and Community Room
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Seasoned, knowledgeable staff available to assist Shareholders, tenants, contractors and agents. Management is responsible for complete oversight of building staff and operations. Our financials are contracted out to Legum & Norman/Associa. Notary public services are also available at no charge.
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On August 1, 2017 the Claridge House Cooperative Inc. refinanced its existing corporate loans with a 3.94% 20-year term loan with John Hancock. The balance of the underlying mortgage assigned to each unit is constant and cannot be paid off.
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Shareholders provide copy of each new lease to the Management Office for approval. Leases must have a term of 6 months or longer. However, Shareholders are permitted one lease per year with no regard to the term. Move in fee of $350 applies for each new lease.
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National Cooperative Bank and Congressional Bank offer investor and owner-occupied loans. BB&T offers owner-occupied or second-home loans only for prospective buyers.
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The cooperative has enjoyed a net surplus over the last couple of years. The reserve funding is aggressive and meets or exceeds the capital requirements set forth in our 2024 reserve study. The Claridge House Board and Management Team have accomplished this through expanded in house services which included the hiring of a master plumber and a strict adherence to the annual budget.
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Maintenance technicians on site Monday-Friday and on call for emergencies 24/7. We offer routine maintenance service at reasonable rates to our Shareholders. We significantly expanded our services. A list of services can be found on our website.