Monthly Archives: October 2013

The Fine Art of Buying Apartments in Smaller Buildings: a Lawyer’s Guide

Buying Apartments Smaller Buildings Residential Real Estate Lawyer

I was recently representing a buyer in a 6 unit coop in Park Slope. The building was self-managed, so I contacted a resident in the building who had been provided to us as a ‘due diligence’ contact. “Are there board minutes for us to review,” my paralegal naively asked. “Board minutes?” replied our contact curiously. …


More Pretending to Be a Coop: Confessions of a Condominium

Condominium Residential Real Estate Lawyer

As we turn the corner toward Halloween, a time of year when people dress up and pretend to be someone else, let’s revisit the subject of condominium boards that like to pretend they are coop boards. Let’s take a minute to review. A coop typically has a right of approval of a purchase transaction. That …