Board Authority to Impose Sublet and Leasing Fees

, New York Law Journal

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In their Cooperatives and Condominiums column, Richard Siegler and Eva Talel of Stroock & Stroock & Lavan, write: By understanding their authority to impose sublet and leasing fees and how to create such authority if none exists in the governing documents, or the existing provision is unenforceable, boards and managers can successfully implement an enforceable sublet policy that best suits the needs of the building and its apartment owners.

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