Sort Results by:

Keep up with our latest news.

Subscribe Now

Blog / 10.06.23 /Vanity Muniz

Co-op Board Options for Collecting Arrears in Estate Defaults

A shareholder dies and no one comes forward to claim their apartment. Before long, outstanding monthly rent has accrued and the apartment is now in significant arrears. What are the Board’s options for collecting arrears when a situation like this occurs? When a shareholder dies, the proprietary lease does not die with him/her. In fact, …