Trulia Voices Real Estate Q&A in Upper West Side
Can I as a coop owner have a roomate? Do I need approval of the board of directors?
There actually is no deed on a co-op. You own shares of a corporation. The corporation's board of directors makes the rules and they must be adhered to. You would need to check if the board allows you take someone in, because most co-ops must be owner-occupied. In fact when you purchase, the board always wants to meet anyone who will be living there.
check your charter/prospectus...each board is different. My personal prediction is that as long as they are not on the deed or renting from you, who you room with is your own business; but check your charter.
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