If you are a tenant in a co-op, you can be evicted. The board can start a non-payment proceeding or a holdover proceeding against you in Housing Court. Co-op boards have a lot of freedom in deciding how to run their buildings and whether to evict a tenant for objectionable conduct.
What happens to co-op shares when you die?
Whether or not there is a will, a proprietary lease in a co-op will not terminate upon the death of an owner. The decedent’s interest passes to the estate and is inherited by the beneficiary in the will or by the next of kin. That may not be the co-owner of the shares—or even the spouse of the decedent.
How would you describe co-op experience?
Cooperative education is a structured method of combining classroom-based education with practical work experience. A cooperative education experience, commonly known as a “co-op,” provides academic credit for structured job experience.
What happens if you don’t pay co-op maintenance?
As tenants, they are required by the proprietary lease to pay monthly maintenance charges. ”When a cooperator fails to pay maintenance, the co-op can terminate the proprietary lease and start an eviction proceeding,” he said, adding that if the co-op prevails, it can get a warrant for eviction.
Can my boyfriend move into my co-op?
A. In all likelihood, your girlfriend is entitled to move in with you and neither your landlord (the apartment owner/shareholder) nor the co-op could legally evict her without cause.
Can you put a co-op in a trust?
A living trust is an arrangement where assets, such as co-op shares, are transferred into the trust so that property may be managed under one document. The trustee of the trust manages the property in the trust. It may be possible to transfer co-op shares to beneficiaries via a living trust.
Can a co-op owner have more than one roommate?
Like so many things, the answer to this all comes down to money. Under what’s commonly referred to in NYC as the “Roommate Law”, you are allowed as a co-op owner one additional occupant in addition to immediate family, as long as you are currently living in the unit at the same time.
What are the by laws of a co-op?
The co-op’s by-laws outline the relationship between the board and unit owners. This defines the board’s powers and responsibilities, including who can serve on the board, how members are elected, and how owners can request information.
Can a co-op unit owner be evicted?
One false pretense that co-op unit owners are under is that they cannot be evicted from their units (or cannot evict unruly neighbors). But the process is possible.
Can a co-op lease contradict state law?
Finally, local laws, including state and federal, are the final say in co-op living laws. If either a proprietary lease or by-law contradicts a state or federal law, it is not legally binding. We’ve put together a short list of some of the most common questions regarding co-op tenant rights.