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
Back to Archive-
ArticleTopicsColumn TypeIssue
-
Staying in Place
-
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.
-
Know When You Can — and Can’t — Deny Succession
There are limits to when a board can deny succession rights in a Mitchell-Lama.
-
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?
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!