Proprietary lease expiration

It's not exactly analogous but I once lived in a co-op full of attorneys where a subcommittee of the board pulled the prop lease to change some pronouns (basically to allow same-sex couples to have equivalent rights to those that hetero couples had) and then was surprised when a shareholder was selling and was like, "hey, I have to get that prop lease out of committee stat."

Anyway, I'm not a lawyer but IIRC that got fixed in a week. It seems to be a document that can be turned pretty fast.

I am sort of puzzled, though, by the idea that the shareholder didn't know when the prop lease was expiring. This is something one *should* go over carefully at purchase, possibly via the proxy of your attorney but since it's basically what you're buying you should look at the document, yeah?

It's a <50 page document, and in the first two prop leases I just pulled out of my email, the expiration date is on the first page.

I mean certainly the board should have been running a countdown clock, like "we know the building's proprietary lease is expiring in Year Z but we plan to deal with it in Year Y" should have been a point raised at every board meeting within, say, three years of expiration ... but it's also kind of on the shareholder to know their documents.