Stylish Zurich Airport hotel boasts direct terminal access. Welcome to the Radisson Blu, the only hotel with direct access to the terminal at Zurich Airport. The hotel is within walking distance of the airport train station, and only a 10-minute train ride from downtown Zurich. Admire the famous stained-glass windows of FraumÃ¼nster Church during a stroll through Old Town and enjoy the fresh breeze by Lake Zurich, then return to elegant, comfortable lodging.
If there is no association rule, market conditions will usually determine who will pay the tax. If it is a sellerâs market and the new buyers are competing against others for the property, the homeowners can usually require the buyer to pay the tax. The buyer usually will pay the flip tax in order to get the property. However, if itâs a buyers market and the seller is having trouble getting an offer on the property, the seller may offer to pay the flip tax as an incentive for prospective buyers.
A Stuart M. Saft, a Manhattan lawyer who is also chairman of the Council of New York Cooperatives and Condominiums, said that a flip tax is a transfer fee paid to a co-op corporation on the sale of a co-op apartment. The fee is usually calculated as a percentage of the gross sale price. The percentage ranges from 1 to 3 percent, with 2 percent being common. And while the flip tax can be paid by either the buyer or seller, Mr. Saft said, it is typically paid by the seller. ''During the last few years many apartment corporations have enacted flip taxes to generate additional revenue with which to maintain and upgrade their buildings,'' Mr. Saft said.