Board requirements

its getting a lot more heard of these days...

In the past it would indeed have been unusual in a 'normal' coop building, discounting those coops of the sort on Fifth Avenue where these sorts of onerous demands (and far worse) were the norm. But now, while still a bit unusual, not as much as it was. This is the downside of coops - but of course, there are numerous positives as well. Two years of maintenance would not surprise me - but two years of mortgage AND maintenance is getting a bit needy - especially if the board demands that it is in cash, and not equities or other financial instruments...

The board is taking the tact of the "crazy board". This is a pretty wise way of getting concessions by the board from both the seller and the buyer.

O, it's *genius* CraigY22 espousing his/her 'crazy theory' again...

The board isn't 'crazy' in this case. The board is scared shitless and playing CYA.

nyc10011, are you half of nyc10022? good job!