49. The Differences Between Cooperatives and Condominiums with Julie Schechter, Esq. from Armstrong Teasdale LLP

NYC Real Estate

English - January 17, 2022 13:00 - 43 minutes - 39.4 MB - ★★★★★ - 20 ratings
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Host Mark Levine from NYC Property Management firm EBMG sits with Julie Schechter, Esq., a frequent guest and partner at law firm Armstrong Teasdale to go over the fundamental differences between cooperative and condominium buildings.

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Email Julie Schechter at [email protected]

Topics discussed on this episode include:

- when buying into each building, what are you buying?

- what is an Offering Plan?

- what is the Proprietary Lease?

- What are bylaws?

- Right of First Refusal (condo)

- Reasons to decline a buyer (coop)

- Underlying Mortgages / Tax Deduction Letters

- Board limitations

- Arrears Collections Procedures

- and more.