Downturn could be scaring your sponsor straight

… very very favorable rental rate payable to the coop for the whole space The sponsor can then hack up the space and rent … higher rents Eventually a federal law the Cooperative and Condominium Abuse Relief Act was passed in 1980 It gave … for itself the right in perpetuity to relocate the Supers unit to a much smaller one says real estate lawyer Robert …

By Teri Karush Rogers |September 9, 2010 - 6:30AM