Proposed Bills for Cooperative Purchase Applications with Deborah Koplovitz
Herrick partner Deborah Koplovitz was a featured guest on the NYC Real Estate Podcast. Host Mark Levine spoke with Deborah about the package of proposed bills relating to cooperative apartment purchases.
The proposed rules incorporate the following items for Boards to consider:
- Time frames for processing applications by the Board or Managing Agent;
- Time frames for written decisions to the applicants once the interview has taken place;
- Disclosures on Finances by Boards;
- Keeping a comprehensive list of applications received, approved and denied for a period of three (3) years.