Most condo bylaws allow the board 20-30 days from receipt of the complete application to issue a waiver or exercise the ROFR. Some boards process faster, but you cannot assume they will. Build this window into your closing date calculation - a closing date that ignores the ROFR timeline will be missed, creating contractual complications and potential default claims from either side.
From the seller playbook: Condo Right of First Refusal Risk
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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