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At each year’s annual meeting, co-op and condominium apartment owners cast their votes, in person or by proxy, to elect the members of the entity’s board. Owners may also vote, at such annual meeting or a special meeting, on other significant matters—such as amending the co-op’s proprietary lease or the condominium’s bylaws, adoption of a flip tax, imposition of special assessments, obtaining mortgage financing, or changing apartment repair responsibilities (where owner approval is required).
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