3 ms·
The co-op association legally owns the units, but the board and board-members don't directly own the unit being sold. I was trying to point out that the board
by tomkarlo 14y ago
The co-op association legally owns the units, but the board and board-members don't directly own the unit being sold.
I was trying to point out that the board members don't have much economic incentive to approve a particular buyer - if the unit eventually sells for less, it doesn't directly harm the occupants on the board unless one of them is the seller.