Reserves in co-op purchase
Started by anonymous
over 7 years ago
Discussion about
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I know that many co-op boards require a certain amount of reserves in the bank after the purchase of a co-op. My question is: does the board typically look at your amount of reserves once and then be done with it? Or is it something they check on at various intervals? I'm specifically interested in what they may do in Queens co-ops, not Manhattan.