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Board Approval for same building

Started by Adrian
over 18 years ago
Posts: 1
Member since: Jul 2007
Discussion about
My wife and I are considering buying a larger apartment in our Sutton Place coop. We have been told that we will need to get board approval for the purchase. Is this common? We had expected that we would not need board approval to buy an apartment in our current coop, as we are current shareholders.
Response by drdrd
over 18 years ago
Posts: 1905
Member since: Apr 2007

I guess this will be one way to find out what the neighbors really think about you, huh?

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Response by anonymous9
over 18 years ago
Posts: 1
Member since: Feb 2007

This is not unusual - The board wants to see that your current financial status allows you to purchase the new (larger, more expensive apt). However, as board members are only human, they probably wouldn't want to run into you in the elevator if they turn you down, either.

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