Should Condo Associations Be Incorporated?

New York condos are special status associations created under the Real Property Law. You may want to read the attached re individual unit owner liability. http://www.stroock.com/SiteFiles/Pub398.pdf

cm

in Co-Op Related 12 years and 9 months ago

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dylan621 | 12 years and 9 months ago

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I had assumed that my condo association was an LLC or corporation but when I searched on the NY Dept of State website I couldn’t find it.  Are most small condos organized as an LLC or Corp to limit the liability of the individual owners?  Thanks.