by Debra Guzov | Real Estate Legality, Real Property
Is it possible to purchase an apartment in New York through a limited liability corporation (LLC)? Yes, if the condo or co-op board permits it. Over the past couple of years, boards have allowed individuals to buy their units under an LLC, and in some instances even...
by Debra Guzov | Guzov's Good Advice, Real Estate Legality, Real Property
New Yorkers frequently question whether they are allowed to sublet their apartment, for reasons ranging from financial hardship to overseas assignments. The answer depends on whether you are a co-op shareholder or condo unit owner. Condo residents have more freedom to...