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I heard about the intrusive information required by New York co-op’s. So, I told my broker to look for condo’s only. Will I have to provide any such information to a condo?
Maybe. Almost all New York condominiums have a right of first refusal to buy an apartment instead of a perspective purchaser. This right is almost never exercised, but in order to decide whether it wants to exercise it, a condo board may request information similar to that requested by a co-op board (such as financial statements, reference letters, etc.) Therefore, if you are reluctant to share such information, you should take a look at the condo application BEFORE you sign the contract.0
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