Legal Question in Real Estate Law in New York

Cooperative apartment

When purchasing a private coop who pays for the coop boards attorney, the buyer or the seller?


Asked on 3/02/07, 9:08 am

2 Answers from Attorneys
Johm Smith tom's

Re: Cooperative apartment

That can always be negotiated.

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Answered on 3/02/07, 10:25 am
Phroska L. McAlister PHROSKA LEAKE McALISTER

Re: Cooperative apartment

In NY the buyer usually pays the Coop Board attorney, his/her attorney, the title or abstract company, etc..

The seller usually pays his/her attorney and pays the Coop Board attorney ONLY for those things that are specifically relatable to or of benefit the Seller.

Good luck,

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Answered on 3/02/07, 4:03 pm


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