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For a co-op, the proprietary lease is kind of like the Constitution: it sets the terms for everyone who enters your community, it’s hard to make changes to it, and people will be picking over its every detail for years to come. But like that famous document, eventually there comes a time where the proprietary lease needs to be brought up to date with present-day realities. That’s the subject of this week’s episode: what changes to make, how to go about enacting them, how to get your shareholders on board, and who to turn to for help. On our attorney panel, Habitat publisher Carol J. Ott talks with Steven Wagner of Wagner Davis and Jeffrey Reich of Wolf Haldenstein Adler Freeman & Herz. Music: The Silent Partner, “Build Up” (http://freemusicarchive.org/music/Tha_Silent_Partner/Tha_Complete_Platters_Sessions_XE/03_-_Build_Up)