HABITAT
Co-op / Condo News: New Admissions Law for Co-op Boards, and More
September 03, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week the big news for co-op boards is a new law in Hempstead, Long Island, stating that boards there must accept or reject applicants within 45 days and give the reason for any denial — in writing. Could this be the start of a legal movement? Plus: A community room, taken away for no stated reason, returns after several years to the historic co-op complex the Allerton Coops (pronounced "kewps"), a Lower East Side co-op joins a commercial-rental trend, and is your co-op board president a drug lord?
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