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I fear that if I can't sell it during this pandemic, then i will be delinquent in paying my maintenance because of financial hardship. I have a bad feeling that the Management is trying to regain possession of the unit. When the pandemic begins to taper, I will be able to market it....but by then I won't be able to pay the maintenance bill of the coop which is $1,029.00 a month. Why won't they put a temporary halt on this bylaw or rule. I don't know how I will weather this storm. My husband is in his 60's and going to work, worrying about getting the virus. I'm at home worried about my husband and afraid to go out.......I feel like I am being cornered by the Coop Board and Management company and now I have this extra stress.
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I just spoke to my tenant........she said the Co-op can't evict her because of the nys law. She also said she doesn't feel comfortable with anyone coming into her apartment to take pictures or virtual tour for me to sell the coop. What am I to do?
Maria - Contributor NYC makes excellent points about your tenant, and you and your husband's relationship with her. For an angel, she's not very giving with her halo.
At this point, you should be working *with* your board to make sure she vacates at the earliest possible moment. At best you'll have to hire an attorney and start an eviction proceeding. At worst, this will get you on the outs with your board, and good luck with selling your apartment
She no longer deserves your loyalty and consideration. Good luck with whatever you decide.
No that's not true. My tenant and I are on the same page. We both want the extended lease. We both agree that the board should have a little more compassion during these time.
Hello Maria,
Now I am confused... While I am totally sympathetic to your situation, there isn't much you can do except end up going to war with your Co-Op board.
Your tenant will eventually be gone and you will be left with an empty co-op, monthly maintenance and attorney fees.
Maria, you can stand your ground but a lease is a legally enforceable agreement and there are emotional and financial consequences that you will be facing for your actions.
Is your tenant a family member or th or actual owner?
I just can't understand how you can put yourself in a position that will require legal intervention for your tenant. I understand she is an "Angel" but there are other ways you can help her.
Rather than challenging your board and spending thousands for legal action, you can offer to pay her 1st months rent and security deposit. That might be a great incentive for her to put on PPE and allow a realtor into the unit to take a re pictures and list your Co-Op .
Awwhttps://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-May/Uptick-in-Apartments-For-Sale-Offers-Market-Ray-of-Hope
To be blunt, it makes no difference what your tenant wants. She has no standing in any of this, and worse, she's putting up roadblocks that will make your and your husband's life much more miserable. The two of you can agree all you want. I don't see it swaying your board.
As far as what *you* want, you made it clear in your original posting that the board will not extend your lease and they have no reason to reconsider. So either you can start planning for the future by making sure your tenant vacates when the existing lease expires, or you can wake up the day after in a big heap 'o problems.
If magical thinking worked, coronavirus would be gone by now. Like a miracle.
I am sorry for your troubles Maria,
Seems as if your tenant is being very combative and doesn't care that she will be causing you a lot of trouble and grief and possibly the loss of your co-op once she does leaves.
Good luck with whichever recourse you decide to take.
https://ny.curbed.com/2020/4/2/21204328/nyc-real-estate-coronavirus-home-showing
https://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-April/Yes-Remote-Closings-Are-Possible.-Here-s-How
Hello Maria,
Now I am confused... While I am totally sympathetic to your situation, there isn't much you can do except end up going to war with your Co-Op board.
Your tenant will eventually be gone and you will be left with an empty co-op, monthly maintenance and attorney fees.
Maria, you can stand your ground but a lease is a legally enforceable agreement and there are emotional and financial consequences that you will be facing for your actions.
Is your tenant a family member or the actual owner?
I just can't understand how you can put yourself in a position that will require legal intervention for your tenant. I understand she is an "Angel" but there are other ways you can help her.
Rather than challenging your board and spending thousands for legal action, you can offer to pay her 1st months rent and security deposit. That might be a great incentive for her to put on PPE and allow a realtor into the unit to take a re pictures and list your Co-Op .
Awwhttps://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-May/Uptick-in-Apartments-For-Sale-Offers-Market-Ray-of-Hope
https://www.habitatmag.com/Publication-Content/Co-op-Condo-Buyers/2020/2020-May/Uptick-in-Apartments-For-Sale-Offers-Market-Ray-of-Hope
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Hello Maria,
You most certainly can list your co-op. The realtor will take pictures, some are doing virtual video tours.
You appear to be stuck on the idea of listing when the pandemic winds down but It is winding down Maria... So why wait?
It seems like you want you board to bend the rules but you and your tenant don't want to show good faith by doing due diligence and list your co-op. Has you tenant made any effort to look online or go to a resistor?
I think your tenant is very lucky to have such a caring and compassionate lessor. I am sure she is equally concerned about you.
You mentioned possibly contacting an attorney. With your current situation, do you think spending thousands of dollars for an attorney is the wisest move?
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