RAISING THE ROOF

Feb 6, 2013 — Ron is trying to sell his co-op unit. His buyer won’t commit unless the deal includes roof rights. Ron doesn’t own the rights – and he’s not sure who does – so where does he even begin? It may sound hopeless, but this sale is far from a lost cause, as you’ll learn in this episode of Habitat’s Legal Talk podcast. Attorneys Steven Troup of Tarter Krinsky & Drogin and Dennis Greenstein of Seyfarth Shaw join Habitat Publisher and Editor-in-Chief Carol J. Ott to explain how to trace the ownership of your building’s roof rights; determine the possible uses the roof can handle; and negotiate a complicated transaction between the seller, the buyer, and the board to bring in a potential windfall for your building by selling these rights.