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Good morning. I own a professional practice in a coop. I am renting to other professionals in my field within this space. I am also practicing full time in the space. The board is trying to implement a sublet fee. Does anyone know if that is allowed? legal? Does the fact that i am occupying the premises while others are sharing the space make any difference? Most cases i read about, the owner is not present when renting. Thank you.
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My advice to you is to gather up all of the documents you have regarding your practice space and consult with an attorney. You need to talk with someone who can interpret the contents of your agreements with the co-op to determine what you and the co-op can and cannot do.
Good luck!
Thank you for your reply to my inquiry. I was hoping to get another response rather than to have to contact an attorney. Before i contact someone, do you or anyone would know of any similar case(s) that i could look at.
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My advice to you is to gather up all of the documents you have regarding your practice space and consult with an attorney. You need to talk with someone who can interpret the contents of your agreements with the co-op to determine what you and the co-op can and cannot do.
Good luck!
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Board Talk members who registered prior to March 9th, 2016 will need to reset their password.