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Cooperatives & Condominiums

Must a board consent to an assignment based on the financial strength of a non-resident co-owner when the resident co-owner does not have assets or income sufficient to maintain the apartment? Comment and analysis of a case involving this question.

5 minute read May 01, 2016 at 12:00 AM
By
ALM Staff
Cooperatives & Condominiums

Assignment to Deceased Owner's Sons

Estate of Del Terzo v. 33 Fifth Avenue Owners Corp.

NYLJ 2/17/16, p. 22, col. 3 AppDiv., First Dept.

(4-1 decision; memorandum opinion; dissenting opinion by Saxe, J.)

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