Mark Rosenbaum shared insights for multi-unit boards in the October 2023 issue of Cooperator News New York, The Co-op & Condo Monthly. In the article Board Packages & Interviews: The Good, the Bad, & the Illegal, he outlined the requirements for co-ops, condominiums and homeowner associations, emphasizing the importance of understanding the legal limitations for board requests to avoid housing discrimination disputes.
The discussion highlights the legal distinctions between a co-op’s right of approval of a buyer, and a condominium board’s right of first refusal, the documentation requirements for board packages and additional factors boards consider, such as the finances of potential co-op buyer.
The article features an excerpt from a piece that appeared in the Illinois State Bar Association’s (ISBA) Real Property September 2022 newsletter.
Mark is a principal at Fischel Kahn, representing condominium and common interest community associations for more than 30 years.