Rules for Replacing Co-op Board Members By Jay Ramano Q. Can a co-op board remove a member without shareholder approval? If so, how is a replacement chosen? A. Leonard H. Ritz, a Manhattan co-op and condominium lawyer, says it is necessary to review the building’s governing documents to determine the board’s powers. The bylaws typically Full Article…
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Q & A: Rejection Before an Interview, The New York Times
By JAY ROMANO Published: September 21, 2012 Q. Can a co-op board reject a purchase application before interviewing the prospective buyer? A. Adam Leitman Bailey, a Manhattan co-op and condominium lawyer, says boards may, and frequently do, reject purchase applications without interviewing the prospective buyer. “If the board has determined that it will not approve Full Article…
Q & A: When a Building Co-op Commandeers a Terrace, The New York Times
By Adam Leitman Bailey Q. Our terrace is the staging area for work on the co-op’s facade, rendering it virtually unusable. Are we entitled to a maintenance reduction? A. Adam Leitman Bailey,a Manhattan real estate lawyer, said that while a co-op’s governing documents might give a shareholder exclusive use of a terrace, the typical proprietary Full Article…
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