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Re: Shareholder "Renting" to a Family Member?Aug 21, 2008


My parti pris is that boards, or at least some board members, occasionally cross a line between looking out for the best interest of the shareholders and interfering with shareholders. My approach to the situation would be to ask: a) Is the maintenance getting paid on time? b) Is the family member abiding by the house rules? If yes to both of the above, I'm satisfied. The rest doesn't concern me.

Not sure if the roommate law applies here if the shareholder is absent. Even if an immediate family member is occupying the apartment, I think that the primary tenant/shareholder has to be present in order for the roommate to apply. Please correct me if I'm wrong.

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Re: Shareholder "Renting" to a Family Member? - Anonymous Aug 21, 2008


Oops, the above should read: "I think that the primary tenant/shareholder has to be present in order for the roommate law to apply."

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