Skip Navigation
StreetEasy Logo

CONDO sales package validity?

Started by IDLM
over 10 years ago
Posts: 2
Member since: May 2014
Discussion about
My Condo Sales Package includes an applicant's release form to "the Board of Directors of the Cooperative Corporation" that he/she can be disapprove by the Board of Directors with their sole discretion without reason being given. No such clause exists in the By-laws. Is this legal?
Response by uptown_joe
over 10 years ago
Posts: 293
Member since: Dec 2011

Are you concerned about the board infringing the seller's ability to transfer the property, e.g. adding conditions that are not contemplated by the bylaws?

Or is the worry that this sounds like an awfully broad release that buyers may experience, or the board may employ, as a shield for illegal discrimination?

Ignored comment. Unhide
Response by snezanc
over 10 years ago
Posts: 121
Member since: Oct 2007

why does it say cooperative, when this is a condo?

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Losses on Manhattan condos
    52 Comments
  2. 55% of New Yorkers won't
    23 Comments
  3. NYC mayor
    27 Comments
  4. 35 Sutton Place...coming soon
    81 Comments
  5. Bought in 2012, selling now at 100+mm dollar loss
    25 Comments