Beware of Board, Bad Faith Claims during the Coronavirus Crisis (NY)

/ Owner - April 2, 2020

Cooperative and condominium boards often have inside information about real estate deals in their buildings. Boards should beware of deals that may arise because of Coronavirus “fire sales” with owners being challenged economically or wanting to escape to a perceived safer location. With their approval rights or right of first refusal, coop and condo boards have to be careful to act in good faith if they have purchase aspirations in mind.   Read the article…………………………..

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