Holly Dutton
Holly Dutton is a writer and photographer with more than a decade of experience covering the real estate industry. Holly’s work has appeared in Real Estate Weekly, Multi-Housing News, Propmodo, and Urban Land Magazine.
Posts by Holly Dutton:
When interviewing a prospective buyer, it's illegal to ask anything that falls under federal anti-discrimination laws and protected categories as defined under New York City laws.
For instance, your board can’t turn someone down from buying into a co-op because they think they’re too young or not a citizen of the United States. And the law goes even further.
On average, co-op and condo legal budgets tend to fall somewhere between $5,000 to $24,000 a year for legal fees. That said, your building's legal expenses can vary sharply based on your building’s size and its particular needs in any given year.
Typical legal tasks including reviewing contracts and attending meetings, while bigger issues include litigation with shareholders or unit owners and major alterations your building may undertake.
