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Contracts Ny Real Property LawCoop_vs_condo_contractsEASY

Jennifer owns a condominium unit in Albany and wants to rent it out. What approval is required under New York condominium law?

Correct Answer

A) No approval required unless restricted by bylaws

Condominium ownership in New York conveys real property rights, including the right to rent the unit. No approval is typically required unless the condominium bylaws specifically restrict rental activities, which is less common than in cooperatives.

Answer Options
A
No approval required unless restricted by bylaws
B
Approval from the city housing authority
C
Approval from the condominium board of managers
D
Approval from other unit owners by majority vote

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Related Topics & Key Terms

Key Terms:

condo_rentalreal_property_rightsno_approvalbylaws
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