4 ms·

All NYC coop apartment building have a similar provision. Troublesome owners can get kicked out. In practice it rarely happens, and you are forced to sell your

All NYC coop apartment building have a similar provision. Troublesome owners can get kicked out. In practice it rarely happens, and you are forced to sell your shares and move out. Basically you still cash out your apartment. No one can forfeit your place/apt as that would be illegal.

rib3ye 5y ago
Makes sense but what do the bylaws say about someone who refuses to sell?
- nradov 5y ago
  At that point the co-op board would have to file a lawsuit and ask a judge to order the sale. That can be a slow, expensive process.