New York's Cooperative and Condominium Community
We didn't put it in. This is part of the By-Laws/House Rules put together by lawyers for the sponsors. Everyone signed off on these documents at closing. We are not shareholders so hold no leases. Both our By-Laws and House Rulkes are binding. The only difference is that House Rules can be ammended by the Board without consent by the owners but no ammendments were necessary. I suspect the limitations you mention pertain to coops but not condos.
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