Publish Date: January 24, 2010
Q: “If a unit owner is deceased, what are the inheritance rights of a relative, for example, let’s say, siblings, to moving in and taking possession of an apartment?”
A: “There are several issues that have to be examined to determine who succeeds to the rights of a free market cooperative apartment,” says Stephen M. Lasser, an attorney shareholder in the Manhattan office of the law firm Stark & Stark. “The first step is examining the deceased owner’s stock certificate to determine if anyone else has an ownership interest in the stock (and appurtenant proprietary lease). Download PDF
Subscribe To Our Video Blog and Newsletter
Get the LLG Real Estate Video Podcast and Quarterly Newsletter delivered to your inbox.
