Pied a terre questions

When last had a co op in NYC I was not allowed to let friends use it unless I was there. Family was ok even if not there but not friends.

Re: Can I let friends and relatives use the apartment for weekends or for a week?

No, as per most coops bylaws. You might be able to pull this off for a little while in a really loose coop even if its against the rules, but eventually someone will call the mgt company. Then you're f'd.

Buy a condo.

Use an agent to show you investor friendly co-ops, and those with liberal policies. And ignore any other advice you receive.

SO AGREE with West34! This is one of the reasons I did not want to consider buying a coop unless I absolutely could not afford a condo in an area and with features I want and require.

waterddd, I do commend you for anticipating issues and wanting to be upfront. Who wants to sneak around with guests in one's own home, especially knowing that is one of the personal attractions for you of having a place in Manhattan - being able to share with family and friends (in a reasonable manner, though even the definition of reasonable is up to the condo owner to determine and not pre-defined by a coop board).

"Looking to purchase pied a terre in a coop. Can I let friends and relatives use the apartment for weekends or for aweek. Such as my parents who come to stay with me on long island and might want to stay a couple of days in manhattan. My business partner who I would like to let use whenever he would like and also a couple of friends that I would like to offer it too. I am a straight shooter and don't want to be hiding and doing anything on that not allowed."

You are the reason why God created co-ops!!!!!!!!!!!!!!!!!!!!

Wow, a twenty exclamation points. Now I get it.

jim: I know somebody currently looking for a condo, for the same reasons as the OP.
They would look at co-ops but didn't know such liberal co-ops exist. I know there are some who will allow subletting but haven't heard of the type of co-op you describe.

Not sure how to search online for agent to show liberal policy co-ops so if you can please post a name to contact, that would be helpful. Thanks.

Matt: God created co-ops? On which day of the creation schedule?

God's creativity is an evolving thing.

He created co-ops back in the '40s, actually.

Absolutely agree you need to buy a condo. The coop and your neighbors will think you're running a B&B and complain.

O.K. Matt.
Maybe God will evolve enough to create gay marriage acceptance for His followers.

what if a cleaning lady come to work when the owner is not home?????

>what if a cleaning lady come to work when the owner is not home?????

Are you concerned?

lovetocook: Bed&Breakfast not allowed in condos either.
an owner in my former condo building tried it.
I've told the story on se before: the "guests" called down to the doorman on the intercom to inquire about breakfast and when it's served. Owner was reported to the board by the doorman.
Sold the unit shortly after.

cleaning ladies come to work in the apts of owners/shareholders when they aren't home because most owners are at work during the day.
cleaning ladies are not house-guests.

"Maybe God will evolve enough to create gay marriage acceptance for His followers."

He already has.

He sent his gay son to Earth to be crucified for our sins.

So why do so many of His followers hate gays and abhor gay marriage?
Ever see the documentary: "Religulous"? Best thing Bill ever did.
Check it out Matt.

Just saw on the news that it's 89 degrees back home, going up into mid 90's again today.
Bad for any guests in town there for the weekend.

U.S.A. heatwaves are very big news in Europe.

Truth, brokers notes exist amongnst our shared databases.

Thanks jim, will check it out.

jim made a friend.

How was the weather up in Columbia County this weekend?

Small co-ops may permit it.

We have this situation in our building. It works out fine 99% of the time. The unit is very small but has a large decked yard. With the wrong occupants, it could be party central and a huge disruption to the entire building. Instead, we have nice, respectful, responsible people who own several other pieces of real state and use the apartment as a hotel 4-5 days a month, max. The only real issue we had was a leak that went undetected for far longer than it should have because no one was in the apartment for months.

We also allow guests staying in the apartment while the owner is away, provided it is a friend/relative and not a VRBO-type situation. E.g., if you go on vacation and your sister/niece/good friend comes to stay in the apartment, fine with us. Just send an e-mail in advance so we know not to be alarmed when we see a stranger entering/existing the building.

In small co-ops, it really is more like communal living, mostly "live and let live" with a reasonable board.

All that said, we would never allow another pied-a-terre while these people are still in the building simply because there aren't enough other people around to do the necessary work (or even serve on the board!).

We have been looking for a pied-a-terre for awhile in NYC. We started looking for the elusive "liberal" coop, for many similar reasons to waterdd. When we finally did get an accepted offer at one that seemed reasonably liberal, our lawyer made us feel like despite what the listing agent told us, a real possibility existed that the coop board could change its policies, particularly w/ respect to subletting. We eventually backed out of the deal. My husband has moved on to looking for a condo, but I've always wondered if we did the right thing. That coop was exactly what I was looking for, and, of course, significantly cheaper than a condo. So I guess my advice would be if you like to gamble a liberal coop might work for you especially if you are really up-front to the board about how you plan to use the apt, but much like the responses you've received here, the safe bet would be to look for a condo.

In our situation, we want my mother-in-law and sister-in-law to be able to use the apartment (both do business in NYC several times a year). We also have a couple of friends who own vacation properties in other places and we want to be able to "trade" places w/ them on occasion. Finally we want the ability to sublet in case we need to. Everyone from friends in the city to family to real estate professionals have advised us to look for a condo for our needs. We haven't found a place yet. - Liz

Liz: Go with a condo.
The trading places could lead to a great part-time swap situation when you are ready to retire.
Good luck.

"In our situation, we want my mother-in-law and sister-in-law to be able to use the apartment (both do business in NYC several times a year). We also have a couple of friends who own vacation properties in other places and we want to be able to "trade" places w/ them on occasion. Finally we want the ability to sublet in case we need to. Everyone from friends in the city to family to real estate professionals have advised us to look for a condo for our needs. We haven't found a place yet. - Liz"

Keep looking for a condo.

A co-op is not for you.

In Ulster county, from which one can extrapolate weather in Columbia county, it is 84 and sunny with a few lovely puffy clouds. At least that's the report from me floating in the pool.

"We also have a couple of friends who own vacation properties in other places and we want to be able to "trade" places w/ them on occasion"

TIME SHARE - a new demand for NYC RE

I love the trading places idea, I'm doing that right now.
You really need to buy a condo for that.

Anybody see "Million Dollar Listing L.A."?

Josh Flagg, broker and grandson of fashion designer Edith Flagg, 90-something, pronounces it :
"Peed atear". Edith corrects him.
Then she looks around the listed apt, claiming she might have a buyer but she really just wants to snoop (according to Josh). She opens the fridge, rolls around on the bed.
I love her!