Bill Would Require Co-op Boards to Give Reasons for Rejecting Buyers (NY)

/ Owner - February 11, 2023

Ideas don’t get much more evergreen than this perennial staple: a new bill before the New York City Council would strip co-op boards of one of their most cherished powers — the freedom to reject potential buyers for “any reason or no reason” — and would instead require them to spell out in writing their reasons for rejecting a purchase application.   Read the article………………………..

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