Boards should have a process in place to verify that prospective purchasers are financially qualified, and should also meet with prospective purchasers before making a decision to ensure their applications are truthful. (Print: Setting the Bar)
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ArticleTopicsColumn TypeIssue
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Financial Qualification: Boards' Role in Screening Prospective Purchasers
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Eight Steps to a Careful Review
Smart steps to take when reviewing a purchase application.
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New Rules for Purchase Applications
Take note of co-op purchase rules in Suffolk and Westchester - they could come to NYC.
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Bad-Faith Actions
Boards must be immaculately objective when deciding whether or not to accept a prospective apartment purchaser or subtenant.
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What's Wrong With My $850,000?
Misunderstanding the right of first refusal.
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New Bills Would Speed Buyer Approval
Two new bills would speed up the admissions process.
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The Oh-So-Unpopular Minimum Resale Price
What can a shareholder do when they believe their board has an unfair minimum resale policy?
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Keeping Up With the Jetsons
The brave new world of robots, apps, and sensors.
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The Gatekeeper
“Taking Charge,” with admissions chairwoman Christine Bergen
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My View: The War Against Co-ops and Condos
Is the city government out to get boards?
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