Legal Question in Real Estate Law in New York

Condo rules that a shareholder may only sublet an apartment for a maximum of two years out of every four year period. What does this mean


Asked on 9/18/14, 11:31 am

2 Answers from Attorneys
Ron Brien Law Office of Ronald J. Brien LLC

Homeowners are in condos, and shareholders are in co-ops. A co-op board can certainly adopt such a House Rule. You can sublet your apartment for 2 years. At the end of the 2 years, your tenant must leave the apartment, and you cannot sublet it again until after 2 more years have passed.

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Answered on 9/18/14, 11:45 am
Arnold Nager Arnold H. Nager, Esquire

Precisely

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Answered on 9/19/14, 7:08 am


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