Subletting and the Board

the sublet is for two years, end of story. If your tenant holds over, they can, and depending on the board, likely will, bring an eviction action against the tenant. Then they'll bill you for the legal fees.

Exactly, though if tenant submits a rent check and the landlord cashes it for month 25. That's a month to month situation and you will have a more favorable position, but the ins and outs on that are more about what's in the actual lease(s), and attorneys' opinions over any of us.

The board can also take legal action against the shareholder who has allowed the sublet to extend beyond the time limit. The shareholder is ultimately responsible for the tenant.

^^I should say subtenant rather than tenant^^^

@bramstar and juuceman: And the board can bill the shareholder for the legal fees (if the board wins)? What are the chances of them actually recouping them? (I am not the subletter here or on the board, I just hear building gossip and wondered...).

The co-op can seek eviction of the shareholder if the shareholder refuses to comply with co-op policies.

Though not impossible, judges rarely award legal fees.

Read the proprietary lease and/or house rules. If the co-op is decently run, or was properly formed, the lease and house rules will allow for the imposition of any legal fees that the coop incurs against the owner of the unit. If you fail to pay these fees, your management company will assess late fees and will eventually file a lien against your property.

This has absolutely nothing to do with the judge awarding legal fees.

The co-op will have the shareholder's ass. After the huge fines, that is.