Have any of your condo boards exercised their right of first refusal purchase in recent memory? If so, what were the circumstances and did this prove to be a tremendous financial burden on the unit owners? This is one of my great fears about living in a condo building, but I know I have to be prepared for this in the future.
we are considering making an amendment that all residents in the coop (inc. the sponsor's market-rate rentals) must have renters or coop insurance. as an incentive, we would like to negogiate a group discount with an insurance company (for example, if anyone uses Travelers, they get a 20% discount) - has anyone done this?
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