Mitchell-Lama co-ops allow succession to prevent family displacement upon a shareholder's death. Strict regulations govern succession, and consistency is crucial in implementing policies.
HABITAT
“Succession Rights” returned 4 articles
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ArticleTopicsColumn TypeIssue
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Staying in Place
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Succession
Succession issues in co-ops regarding the inheritance of apartments upon a shareholder's death are prompting boards to update proprietary leases to include domestic partners and adult children, but considerations such as financial impact and occupancy rights must be carefully weighed.
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Know When You Can — and Can’t — Deny Succession
There are limits to when a board can deny succession rights in a Mitchell-Lama.
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Fight-Worthy: Who Can Inherit a Mitchell-Lama Apartment?
Why is inheriting a Mitchell-Lama apartment more complicated than a regular co-op or condo unit?
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