Developers Say Boards Are Using Access Agreements as “Ransom” (NY)

In a landmark court ruling last year, co-op and condo boards won the right to demand license fees, plus attorney and architect fees, when granting access to their buildings to developers at neighboring properties. That legal ruling has introduced a new edge to access agreement negotiations, Crains reports, with building owners demanding higher payments and developers responding by taking them to court at a increasing rate.   Read the article……………..


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