Can an owner of an HDFC apt have a roommate?

Asked by Lauren, New York, NY Sun Mar 8, 2009

If I buy a 2 bedroom HDFC apt and take on a roommate, are there restrictions as to what I can collect in rent? Do the 2 of us have to both qualify under the restrictions for income? Can I even have a roommate?

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Adina Greenb…, , New York, NY
Sun Mar 8, 2009
It's a bit of a trcky question because subletting in HDFC is not encouraged. However, some HDFC coop boards may be more lenient towards room mates, although most of the time, you'll hear a "No".
Best is to ask the management, or your broker to find out from the board before you make an offer.
I have three listings in an HDFC building, and it's not allowed in "my" building.
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