New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
Selling CoopAug 13, 2020

Would I be able to sell a coop that I own but have owed maintenance fees?
Because of Covid, my financial situation is not secure and My best option is to sell but can no longer pay my maintenance fees.

Join the Conversation Comments (1)
Selling co-op - Marty Aug 14, 2020

You should be able to sell your co-op under these circumstances. The co-op would recover all past due maintenance at the closing, meaning that you'll receive less $$, but the debt would be gone.

You should ask the Board and/or the Building Manager to confirm that you'll be allowed to do this.

Good luck.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

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.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?