by Debra Guzov | Guzov's Good Advice
New York City residents know that there are pros and cons to living in a co-op versus a condominium. One area of contrast is in estate planning, or the transfer of property to a beneficiary upon the resident’s death. Condo owners obtain the rights to the real property...
by Debra Guzov | Guzov's Good Advice, Real Estate Legality
The question of who “owns” a co-op is more complex than deliberating about who owns a condo. Where condo buyers actually buy the unit they reside in, individuals purchasing co-ops are actually only buying a set amount of shares equal to the value of the unit – it is...
