HABITAT
Subscribe for Daily Updates!
just heard that one of the board members told a shareholder that unsold shares are not counted when prospective buyers and possible mortgage banks aretold the owner occupancy ration, they tell the new buyers 90%, banks90% and i have been here since conversion in 1983 , it has never been 90% owner occupied.
i remember seeing the question in the New York Times co-op Q &d A concerning what is owner occupied. The lawyer @NYT stated if the owner lives there it is owner occupied,simple as that.
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.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat u
visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Archives
search
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Ask the Experts
learn moreLearn 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
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!