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By CondoAssociation.com • June 16, 2020

Can condo association share unit sale profits?

Our condo association owns a unit and our board wants to sell it.  Is there any precedent on what to do with the proceeds.  It is going into reserves but some of us think it should be disbursed to owners on a pro-rata basis.  Thoughts?

New York

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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