Condo and Co-Op Conversion: Not Out of Time, Not Out of Luck (NY)

/ Owner - April 1, 2019

Many cooperatives and condominiums have overlooked, for decades, potent statutory rights enabling them to recapture building amenities currently under long-term, unfavorable leases with their developers. Because those rights were first promulgated during the 1980s’ cooperative and condominium conversion boom, they are often discounted as stale or forgotten altogether. But recent litigation may offer new hope for deploying those robust rights.    Read the article…………………….

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