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Condo boards are asking for more and more of buyers. How much documentation are they allowed to require? (NY)

/ Owner - February 13, 2018

One of the most attractive aspects of purchasing a condo in New York City has long been the comparative ease of buying relative to co-ops, given that condo buyers are spared the invasive board approval process.   “A condo board has a right of first refusal,” real estate lawyer Adam Stone of The Stone Law Firm explains. “Either they exercise the right to buy the condo from the owner within the right time frame or they say, ‘We waive our right. Go ahead.'”     Read the article……………..

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