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.
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