New York Residential Real Estate Attorneys Handle Co-op Disputes
The interests of co-op members can clash with those of the co-op board
Living in a co-op building has advantages: You can live in an area you could not otherwise afford. You and your fellow co-op members can work together on neighborhood issues. However, overzealous co-op boards can make it difficult for you to sell your unit if you wish to move. At Pollack, Pollack, Isaac & DeCicco, LLP, our New York residential real estate attorneys have many years of experience in dealing with the issues surrounding co-op living.
Common issues for buyers and sellers of co-op units
There are a number of challenges that are unique to co-op transactions, including:
- Sales and transfers. To maintain the value and character of the building, the co-op board has the right to review and approve any sale or transfer of a unit. However, the board is not allowed to violate any discrimination laws. If it does, it may face the same consequences as any other company or organization.
- Co-op boards. The legal rights and responsibilities of a co-op board are complex, and it can be difficult to organize a board without the help of an experienced residential real estate attorney. We can help you develop the framework for your board.
- Lease violations. When you move into a co-op unit, you typically sign a document that specifies what you can and cannot do in your home. Sometimes co-op boards interpret the agreement too broadly and infringe on your rights. You may need a residential real estate lawyer’s help.
Attorneys with experience in co-op law
Our firm can help you buy into a co-op, sell a co-op unit, or set up a co-op board. We are prepared to represent you in negotiations and even take a dispute to court, if necessary.
Call an experienced New York residential real estate attorney today
For issues related to co-ops, speak with a lawyer at Pollack, Pollack, Isaac & DeCicco, LLP today. Call us at 800-223-2814 or contact us online. Our New York City office is conveniently located in the Financial District, on Broadway between Barclay and Vesey. We’re open five days a week. We also have an office in Peekskill, N.Y. that serves clients in the Westchester area.