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BAILEY v. 800 GRAND CONCOURSE OWNERS, INC.

199 A.D.2d 1 (1993)

604 N.Y.S.2d 562

Lawrence R. Bailey, Jr., Appellant, v. 800 Grand Concourse Owners, Inc., Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

December 2, 1993

In January 1987, plaintiff Lawrence R. Bailey, Jr., purchased the shares of and entered into a proprietary lease with defendant 800 Grand Concourse, a cooperative housing corporation, thereby becoming a tenant-owner of an apartment in defendant's building. In April 1990, defendant's Board of Directors passed a resolution imposing a fee amounting to 30% of the annual maintenance for each sublet application submitted by a tenant-shareholder...

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