Michael owns a condominium unit in Brooklyn and wants to sell it to his nephew for below market value. The condominium board objects to the sale. Under New York condominium law, what authority does the board have regarding this transaction?
Correct Answer
A) The board has no authority to prevent or control the sale of individual condominium units
Under New York condominium law, individual unit owners have the right to freely transfer their units without board approval. Unlike cooperative apartments, condominium units are real property that can be sold, mortgaged, or transferred without restriction by the condominium board.
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