October 31, 2022 | New York Law Journal
Preparing Condominium and Cooperative Boards for a RecessionBoards of condominiums and cooperatives owe fiduciary duties to their unit owners and shareholders. These fiduciary duties include not only the…
By Leni Morrison Cummins and Jennifer Miller
7 minute read
December 14, 2015 | New York Law Journal
Protecting Condominiums From Undesirable PurchasersLeni Morrison Cummins writes that most condominium boards believe that their only opportunity to exclude an undesirable purchaser is by exercising their right of first refusal, which for most boards is financially impractical. However, there are three other tactics to prevent or discourage unwanted buyers from purchasing units: amending the condominium's governing documents, revamping the sales package requirements, and conditioning incomplete sales packages.
By Leni Morrison Cummins
11 minute read
December 11, 2015 | New York Law Journal
Protecting Condominiums From Undesirable PurchasersLeni Morrison Cummins writes that most condominium boards believe that their only opportunity to exclude an undesirable purchaser is by exercising their right of first refusal, which for most boards is financially impractical. However, there are three other tactics to prevent or discourage unwanted buyers from purchasing units: amending the condominium's governing documents, revamping the sales package requirements, and conditioning incomplete sales packages.
By Leni Morrison Cummins
11 minute read
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