CNYC 43rd Annual Housing Conference 2023
Herrick partners Bruce A. Cholst and Andrew B. Freedland spoke on separate panels at the Council of New York Cooperatives & Condominiums 43rd Annual Housing Conference.
CNYC’s 43rd Annual Housing Conference offered registrants 40 different classes for a day of learning for board members, committee members, prospective board members of housing cooperatives and condominiums and the professionals who work with them.
Herrick Panels:
ENFORCING THE RULES - Session 312
Boards’ power to impose rules on their community residents is the quintessential feature of cooperative and condominium living. Unfortunately, the exercise of that power often results in acrimony and costly litigation. Attorney Bruce Cholst discussed strategies for enforcing the rules while minimizing tension and the prospect of litigation. He also explored boards’ powers and legal remedies in compelling compliance with their regulations.
SUBLET ISSUES IN NEW YORK COOPERATIVES - Session 301
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 and to consider the effect of new laws on the process. Attorney Andrew Freedland examined subletting both from the point of view of the board of directors and that of shareholders wishing to sublet. He helped participants consider procedures for reviewing sublet candidates and sublet fees and will discuss current law and possible board policies with respect to occupancy by 'guests' and 'roommates'. The class also explored restrictions and conditions that boards might consider imposing in sublet situations, including short term sublets, which are the subject of new NYC rules.