Q&A: Estate Sale Woes

Wednesday, March 1, 2023

Leni Cummins provides insights into the intricacies of managing estate sales with condo and co-op boards in a Q&A session with CooperatorNews.

An individual is seeking advice regarding the sale of their deceased mother's co-op in Queens and is concerned about issues such as the board's refusal to allow renting the unit, rejection of qualified buyers without explanation, and the imposition of a $2,000 move-out fee. Leni points out the proprietary leases grant the board the authority to approve or deny renting or selling without having to provide a reason, and they also typically allow boards to charge move-out fees.

“Unless you see that the board treated other shareholders differently, it is doubtful you would have any viable claims against the board,” Leni noted.

To read the full article, click here.

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