Property Management
In New York, a 'co-op sublet' policy must comply with:
ANo restrictions; co-op boards have absolute discretion to prohibit all subletting
BNew York Real Property Law section 226-b, which gives residential tenants (including co-op shareholders) a right to sublet subject to specific procedures and the landlord's (board's) reasonable consent✓ Correct
CDHCR regulations that require automatic approval after 30 days
DOnly the terms of the individual proprietary lease
Explanation
New York Real Property Law section 226-b gives co-op shareholders the right to sublet their apartments, subject to the board's approval process. The board's consent cannot be unreasonably withheld, though it may charge a reasonable sublet fee.
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