MatthewNYC
New Member
- Jurisdiction
- New York
Hi,
My parent's NYC co-op is currently in a trust. Upon my parents' deaths the trust dissolves and ownership transfers to myself and my siblings.
I grew up in this apartment and currently live there part-time with my elderly mom.
My question is when my parents are gone and I inherit the apartment what right, if any, do I have to live in the apartment?
For example, must I still undergo a review by the board and be accepted or rejected by them?
I'm wondering if I can continue living here or if the board has the right to kick me out and force me to sell the apartment?
Please let me know the details.
Thanks,
Matthew
My parent's NYC co-op is currently in a trust. Upon my parents' deaths the trust dissolves and ownership transfers to myself and my siblings.
I grew up in this apartment and currently live there part-time with my elderly mom.
My question is when my parents are gone and I inherit the apartment what right, if any, do I have to live in the apartment?
For example, must I still undergo a review by the board and be accepted or rejected by them?
I'm wondering if I can continue living here or if the board has the right to kick me out and force me to sell the apartment?
Please let me know the details.
Thanks,
Matthew