My spouse purchased our coop in NYC back in ''85. I moved in sometime in '91, and we married years later. He is the shareholder -- my name was not added to the lease. We set up a Will in the early 90's which leaves me the entire estate.
Should we have my name added to the lease regardless? I've been reading it could cost above 2,000 to do so. Should my spouse, predecease me, will I need approval from the board to remain in our coop. Will they need to see my financials as if I were a new owner? Our mortgage is paid, so it would be just maintenance? Thank you in advance - I'm so lost so I thought I'd start here.
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.