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Condo Rental -- Impossible Board

Started by mgriffithc9
about 16 years ago
Posts: 14
Member since: Apr 2009
Discussion about
I've had a board package with the managing agent since 9/29. The applicants are foreign, but have significant income and liquid assets abroad. The board actually asks for documents from your home country, which have been provided. The applicants have a guarantor who lives and works in NYC and makes over $2M/year. The board asked for the numbers on foreign tax returns to be translated, which I had already done by hand. I had their accountant make these translations again and sign off on it. It's now 2 weeks later and they're now asking the guarantor to sign off on an absurd guaranty (between condo and guarantor) that they refuse to sign. Since the 30 day right of refusal has long passed is it possible to just move these folks in? Thanks in advance for any insight here.
Response by 30yrs_RE_20_in_REO
about 16 years ago
Posts: 9880
Member since: Mar 2009

Look in the Offering Plan and see what it says. If it says that if they don't exercise their Right of First Refusal within 30 days then it is considered waived........

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