There Are Limits to a Co-op Board’s Power Over Parking Spaces (NY)

/ Owner - November 25, 2024

Q: A shareholder in a Bronx co-op has lived in the building for 19 years and was awarded a coveted parking space 10 years ago. The co-op’s new management company recently distributed an 18-page lease agreement stating that the co-op can revoke a parking spot for any reason or no reason. Is this legal?   Read the Q&A………………………………..

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