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Condo Boards Are the New Co-op Boards (NY)

/ Owner - February 16, 2018

There are numerous reasons why so many of today’s apartment buyers prefer condos over co-ops. One of the biggest is that condo buyers don’t have to undergo intense scrutiny from a powerful co-op board.  Traditionally, a condo board’s only power has been the right of first refusal, meaning it can exercise the right to buy an apartment from the owner within a specified time frame, or must allow the sale to an outside buyer to go through.     Read the article……………….

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