New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
Discrimination in a coop btw renters and shreholdersMar 18, 2018

Our coop has storage lockers with a waiting list for all residents.
Recently, however. they may this new
House Rule. It seems "poor door" and discriminatory to me - thoughts?

"When a Resident leaves, the storage locker will be offered to the next shareholder on the waiting list. If there are no shareholders on the waiting list, the locker may be offered to the next non-shareholder Resident on the waiting list."

Join the Conversation Comments (1)
Discrimination - Marty Mar 19, 2018

Doesn't sound discriminatory to me. Shareholders have invested 6 or 7 figures to become part of the co-op. Renters have invested zero.

Shareholders' rights come before renters' rights.

The policy doesn't say renters can't use the storage lockers. It says they can use them only after shareholders have been offered the lockers first.

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)
Residents this is about residents - DM Mar 19, 2018

Your answer sounds elitist to me. It is not about equal access to amenities.
The past system has always been an equal first come first served system. We only have 11 renters out of 90 units.

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)
storage lockers - mr.gardenz Mar 20, 2018

The storage lockers are the property of the co-op for the use of shareholders. Renters - whether statutory tenants (rent regulated) or
market rate subtenants approved by the co-op - are leasing from a shareholder. Only a shareholder can enter into a direct agreement with the co-op. If the co-op wants to offer a place on the waiting list for non-
resident shareholders who are leasing apartments - whether a sponsor or an individual shareholder - that's appropriate. Even if certain conditions to non-resident shareholders are applied - if warranted in the
Proprietary Lease as a decision reserved for the Board - that is also appropriate.
Many co-ops DO NOT permit non-resident shareholders to sublet storage lockers or in-house gym memberships or parking spots - all of which are amenities available to shareholders.

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)
Storage locker - Steven424 Mar 20, 2018

Excellent explanation, mr.gardenz. Shareholders essentially collectively own the building and their individual apartments. Within NYC laws and regulations, sublet tenants' rights are always subordinate to shareholder rights. Access to building amenities are guaranteed to shareholders but discretionary to sublets. Remember that if a sublet is not happy with a particular situation they can always not renew their lease. Shareholders don't have quite as easy a way out of a bad situation.

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?