It’s a common misconception among buyers in NYC that a board package is only required fora co-op apartment. While a condo does not have the same broad discretion as a co-op toreject buyers, most condos still require buyers to complete and submit a board package.The condo board package in NYC is primarily an administrative exercise […]
Co-op or condo buyers or tenants in New York City should be aware there are a particular setof policies. The governing policies are called house rules. The house rules govern day to day normal behavior throughout the building. After all, many people, often with entirely different backgrounds, are living vertically in tight quarters in New […]
Most co-ops have very strict policies about subletting, which does not make them an idealinvestment opportunity and can present a serious challenge if your job suddenly relocates toLondon, for instance. The rules vary, but owners are usually allowed to sublet their apartmentfor no longer than 1 to 2 years in any 5-7 year period. The […]
