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AT Academy: Co-Op and Condo Series - The Application and Approval Process on January 25, 2023

ST. LOUIS RECORD

Thursday, November 28, 2024

AT Academy: Co-Op and Condo Series - The Application and Approval Process on January 25, 2023

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Law | Unsplash by Mikhail Pavstyuk

When: January 25, 2023 at 9:00am – 10:00am(EST)

People: Andrew P. Brucker, Howard Schechter, Julie Schechter

Location: Online Event

One of the most important tasks for a co-op Board is reviewing proposed transfers, and granting – or withholding – its consent. Board members need to understand the limits on their authority to consent or withhold consent, some of which cannot be found in the co-op’s organizational documents. We will review different criteria for transfer decision-making, including whether sale price can be a factor for consideration. Further, we will discuss some key aspects in reviewing applications, as well as ideas on navigating the potential pitfalls lurking in the interview process. We will also touch on similarities in the condominium right of first refusal process. 

Original source can be found here.

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