Co-Op Proprietary Lease

I ould think you get it before closing. I dont remeber when I saw mine but I would think your lawyer will have a definite answer on that one.

In both of my co op purchases I got the proprietary from my seller. It was sent early in the contract base for my attorney's review.

There should be a copy inside the offering plan, which I assume your attorney would have a copy of before contract.

Your lawyer should have seen it BEFORE signing the contract. Once you've signed the contract there's not much you can do if u don't like the terms.

Could one sue a lawyer if he allowed you to sign the contract before you/him reviewing the lease?

Just called my lawyer he said all the deals he has done the prop lease comes towards the end of closing. He also said he has closed on this co-op many times before and he is familiar with the terms and there is nothing unusual with the lease.

I guess at this point I have to trust this guy.

In a world where the atty didn't know the bldg, of course you would want him/her to review prior to contract signing as part of the due diligence process. But as pros there are bldgs that we tend to "know" and develop a level of trust in -- and honestly, the prop lease is not going to change from deal to deal without that showing up in the minutes, which I trust your atty already reviewed.

So I would say don't sweat it.

ali r.
DG Neary Realty