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Co-op boards tend to get a bad rap in this city for being snobby, holding up sales and rejecting buyers out of hand. But what many people may not realize is that when it comes to sales, condo boards also have a so-called "right of first refusal," which means that they, too, can stop your sale. While it's rare for a condo board to use this power, it has been known to happen. Here's what you need to know, according to Habitat Magazine.
The rules:
When it could actually happen:
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