Property Management
In New York, a co-op's 'house rules' are:
AThe same as the proprietary lease
BRules adopted by the cooperative corporation's board governing the use of the building, common areas, and individual apartments (e.g., move-in procedures, pet policies, noise restrictions)✓ Correct
CThe same as the offering plan
DRules set by the DHCR for all cooperative buildings
Explanation
A co-op's house rules are rules adopted by the board of directors (and incorporated by reference into the proprietary lease) governing day-to-day building life — covering matters such as move-in/move-out procedures, noise, guests, sublet policies, renovation policies, and pet policies. Shareholders are bound by the house rules as a condition of their proprietary lease.
Related New York Property Management Questions
- New York City Rent Stabilization Law applies primarily to:
- In New York, an eviction of a residential tenant requires:
- Under NYC Rent Stabilization, a landlord may increase the rent by:
- In New York, a 'commercial lease' typically differs from a residential lease in that:
- In New York, a landlord who wrongfully withholds a security deposit after the tenant vacates may be liable for:
- In New York, a residential lease provision that waives the tenant's right to a jury trial in housing court proceedings is:
- In New York, a residential landlord must return a security deposit within how many days after the tenant vacates?
- In New York City, the 'Rent Freeze Program' (also called the Senior Citizen Rent Increase Exemption, SCRIE) allows eligible senior citizens in rent-stabilized apartments to:
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →