Legal Question in Landlord & Tenant Law in New York
Board of Directors House Rules
The Board of Directors in my building has formulated 34 House Rules. For example, co-op owners must have a �minimum amount of $1,000,000� in insurance (even though I have a studio apartment in a not-upscale building). Failure to comply with each rule will result in a fine of $750 each month. Since the co-op owners never voted on rules, are the seven board members overstepping their authority and, more importantly, are their requests/demands legal?
1 Answer from Attorneys
Re: Board of Directors House Rules
You would have to read the bylaws to determine whether the board has the authority to pass the 34 house rules.
Generally, a cooperative board has a lot of authority to make a decision concerning the building. If you do not like the decision, your option would be to campaign against the board member when it comes time for re-election.
Mike.