Sublet Issues in New York Cooperatives

Many cooperatives periodically review their sublet, admissions and 'guest' policies to ensure a consistently balanced approach to the changing needs of the building and its shareholders.  Attorney Andrew Freedland will examine subletting both from the point of view of the board of directors and that of shareholders who may wish to sublet.  He will help participants consider procedures for reviewing sublet candidates and sublet fees.  The class will also explore restrictions and conditions that boards might consider imposing in sublet situations, including short term sublets.  The law and possible board policies with respect to occupancy by 'guests' and 'roommates' will also be discussed.