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There is a small yard behind our co-op building. Is it permissible for the board to give the shareholder whose apartment is immediately adjacent to the yard exclusive use of this space without charging some sort of license fee / issuing additional shares to cover the space? If this has been the practice for many years, but a new shareholder objects, can the board reclaim the space for common use?
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In my co-op, the shareholders each own a percent of the common space - so I see dificulties in creating exclusive use. So much so that when our shareholders want to hold an event in our courtyard, we tell them that thy cannot have exclusive use of the space.
That being said, respect needs to be given for privacy matters near the gound floor units.
Good luck!
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