Buying a co-op in Manhattan can present challenges when undisclosed noise issues arise post-purchase, particularly if the board did not disclose prior complaints. In New York, co-op boards have limited obligations for disclosure, meaning unless specific questions are asked by buyers, the boards can remain silent on problems. Legal options for recourse are narrow unless false statements were made. It's essential to verify board meeting minutes for any complaints during due diligence, as many factors influence potential legal action, including how the business judgment rule protects board decisions.
Co-op boards in New York generally have no duty to disclose problems unless they are asked specific questions.
Unless the board or seller made a specific false statement, legal recourse for nondisclosure is limited.
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