25
Jun
2018

Giving Co-op and Condo Boards the Right to Grandfather Existing Privileges

New York Law Journal

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PUBLISHED ON: June 25, 2018

Cooperative and condominium boards frequently wish to modify longstanding governance policies to accommodate shifting needs, trends, and demographics within their communities.

However, they are confronted with the dilemma of how to deal with longstanding residents who have been granted allowances in accordance with existing board policies and have adjusted their life styles in reliance upon these licenses such that their modus vivendi would be uprooted by an abrupt change in regiment.