53. Proposed Bills for Cooperative Purchase Applications with Deborah Koplovitz

NYC Real Estate

Host Mark Levine of New York City property management company EBMG LLC sits in the studio with Deborah Koplovitz, a partner at Herrick, Feinstein LLP to discuss a package of proposed bills relating to cooperative apartment purchases, their applications and specific written reasons for a declined application. This proposed bill was sponsored by Public Advocate Jumaane Williams, among others.

Email the show at [e-mail] or call Mark Levine directly at 212-335-2723 x.201

The proposed rules incorporate the following items for Boards to consider:

1. Time frames for processing applications by the Board or Managing Agent

2. Time frames for written decisions to the applicants once the interview has taken place

3. Disclosures on Finances by Boards

4. Keeping a comprehensive list of applications received, approved and denied for a period of three (3) years.

Deborah Koplovitz can be emailed at [e-mail] or via phone at 212-592-1620