New York's Cooperative and Condominium Community

Habitat Magazine October 2020 free digital issue

HABITAT

Subscribe for Daily Updates!
3 Year subletting expires in AugustMay 03, 2020

I fear that if I can't sell it during this pandemic, then i will be delinquent in paying my maintenance because of financial hardship. I have a bad feeling that the Management is trying to regain possession of the unit. When the pandemic begins to taper, I will be able to market it....but by then I won't be able to pay the maintenance bill of the coop which is $1,029.00 a month. Why won't they put a temporary halt on this bylaw or rule. I don't know how I will weather this storm. My husband is in his 60's and going to work, worrying about getting the virus. I'm at home worried about my husband and afraid to go out.......I feel like I am being cornered by the Coop Board and Management company and now I have this extra stress.

0 0

Join the Conversation Comments (3)
3 Year Subletting Expirig in August - NYC May 03, 2020

Hello Maria,

You most certainly can list your co-op. The realtor will take pictures, some are doing virtual video tours.

You appear to be stuck on the idea of listing when the pandemic winds down but It is winding down Maria... So why wait?

It seems like you want you board to bend the rules but you and your tenant don't want to show good faith by doing due diligence and list your co-op. Has you tenant made any effort to look online or go to a resistor?

I think your tenant is very lucky to have such a caring and compassionate lessor. I am sure she is equally concerned about you.

You mentioned possibly contacting an attorney. With your current situation, do you think spending thousands of dollars for an attorney is the wisest move?

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)
3 Year subletting expires in August - Maria May 04, 2020

I just spoke to my tenant........she said the Co-op can't evict her because of the nys law. She also said she doesn't feel comfortable with anyone coming into her apartment to take pictures or virtual tour for me to sell the coop. What am I to do?

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
3 Year subletting expires in August - Steven424 May 05, 2020

Maria - Contributor NYC makes excellent points about your tenant, and you and your husband's relationship with her. For an angel, she's not very giving with her halo.

At this point, you should be working *with* your board to make sure she vacates at the earliest possible moment. At best you'll have to hire an attorney and start an eviction proceeding. At worst, this will get you on the outs with your board, and good luck with selling your apartment

She no longer deserves your loyalty and consideration. Good luck with whatever you decide.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)
3 Year subletting expires in August - Maria May 06, 2020

No that's not true. My tenant and I are on the same page. We both want the extended lease. We both agree that the board should have a little more compassion during these time.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)
3 Year Subletting Expiring In August - NYC May 07, 2020

Hello Maria,

Now I am confused... While I am totally sympathetic to your situation, there isn't much you can do except end up going to war with your Co-Op board.

Your tenant will eventually be gone and you will be left with an empty co-op, monthly maintenance and attorney fees.

Maria, you can stand your ground but a lease is a legally enforceable agreement and there are emotional and financial consequences that you will be facing for your actions.

Is your tenant a family member or th or actual owner?

I just can't understand how you can put yourself in a position that will require legal intervention for your tenant. I understand she is an "Angel" but there are other ways you can help her.

Rather than challenging your board and spending thousands for legal action, you can offer to pay her 1st months rent and security deposit. That might be a great incentive for her to put on PPE and allow a realtor into the unit to take a re pictures and list your Co-Op .

Awwhttps://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-May/Uptick-in-Apartments-For-Sale-Offers-Market-Ray-of-Hope









Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
3 Year subletting expires in August - Steven424 May 07, 2020

To be blunt, it makes no difference what your tenant wants. She has no standing in any of this, and worse, she's putting up roadblocks that will make your and your husband's life much more miserable. The two of you can agree all you want. I don't see it swaying your board.

As far as what *you* want, you made it clear in your original posting that the board will not extend your lease and they have no reason to reconsider. So either you can start planning for the future by making sure your tenant vacates when the existing lease expires, or you can wake up the day after in a big heap 'o problems.

If magical thinking worked, coronavirus would be gone by now. Like a miracle.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
3 Year Subletting Expiring In August - NYC May 04, 2020

I am sorry for your troubles Maria,

Seems as if your tenant is being very combative and doesn't care that she will be causing you a lot of trouble and grief and possibly the loss of your co-op once she does leaves.

Good luck with whichever recourse you decide to take.

https://ny.curbed.com/2020/4/2/21204328/nyc-real-estate-coronavirus-home-showing


https://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-April/Yes-Remote-Closings-Are-Possible.-Here-s-How

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
3 Year Subletting Expiring In Augyst - NYC May 07, 2020

Hello Maria,

Now I am confused... While I am totally sympathetic to your situation, there isn't much you can do except end up going to war with your Co-Op board.

Your tenant will eventually be gone and you will be left with an empty co-op, monthly maintenance and attorney fees.

Maria, you can stand your ground but a lease is a legally enforceable agreement and there are emotional and financial consequences that you will be facing for your actions.

Is your tenant a family member or the actual owner?

I just can't understand how you can put yourself in a position that will require legal intervention for your tenant. I understand she is an "Angel" but there are other ways you can help her.

Rather than challenging your board and spending thousands for legal action, you can offer to pay her 1st months rent and security deposit. That might be a great incentive for her to put on PPE and allow a realtor into the unit to take a re pictures and list your Co-Op .

Awwhttps://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-May/Uptick-in-Apartments-For-Sale-Offers-Market-Ray-of-Hope


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)
3 Year Subletting Expiring - NYC May 07, 2020

https://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-May/Uptick-in-Apartments-For-Sale-Offers-Market-Ray-of-Hope

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?