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The board of a 80-unit co-op in Brooklyn Heights is seeking to identify and correct the situation of shareholders subletting without board permission, by defining and quantifying the problem, identifying possible underlying causes, and enforcing the policy. (Print: Stopping Sneaky Sublets)

Differentiating between roommates and unauthorized sublets is crucial. Clear rules and vigilance help boards enforce policies, collect fees, and maintain control.

Smaller co-ops face unique challenges enforcing rules due to close relationships among residents. Balancing regulations with compromise and collaboration is crucial.

Co-op and condo boards need to regularly review their policies to ensure they align with the changing real estate landscape and protect apartment values. Three examples of policies that need reassessment are cash down payments, subletting, and pied-à-terre. Adaptation to the changing world is essential to maintain and increase apartment values.

227 Central Park West's journey from rental building to successful co-op is blueprint for hopeful boards everywhere.

Smart steps to take when reviewing a purchase application.

Sublets and sponsors can stop a sale in its tracks.

Too many sublets can cause financing problems, but can also boost apartment values.

Judge says holders of unsold shares must pay sublet fees.

What’s the problem with unsold shares?