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Co-Op Buying Just Got Faster | New York City News
New York City just slammed the brakes on co-op buying delays with a new law mandating strict deadlines: 15 days for management to confirm applications, then 45 days for boards to approve or deny — or face fines. Designed to end the frustrating, opaque wait times that sometimes stretched to seven months, the law responds to years of complaints about unfairness and lack of transparency. While boards still hold final say — especially on financials that impact the whole building — summer breaks and additional info requests are exempt. This is a major win for buyers seeking predictability and…
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