TenantNet Forum

Where tenants can seek help and help others



Covert rental unit conversions (to coops/condos)?

NYC Rent Regulation: Rent Control/Rent Stabilized, DHCR Practice/Procedures

Moderator: TenantNet

Covert rental unit conversions (to coops/condos)?

Postby sr77 » Sun Jul 31, 2016 9:22 am

What prevents a landlord from creating ownership units (i.e., converting them to coop/condo units) in a rental unit building without informing all of the building's tenants, possibly to intentionally exclude the uninformed tenant(s) from the offering?

Example: Landlord puts family members in units as they become available. For one reason or another doesn't try to evict non-family tenants, but wants to create coops/condos only for family members. Code of silence. How would the non-family tenants even know about it?

Thanks.
sr77
 
Posts: 211
Joined: Sun Jan 21, 2007 1:12 pm

Re: Covert rental unit conversions (to coops/condos)?

Postby TenantNet » Sun Jul 31, 2016 11:05 am

Coop conversion is regulated by the NY Attorney General's office. Owner-Sponsors must produce a 'Black Book' that is given to all tenants, and it must describe the plan completely. Plan can be eviction plans (rarely used) or non-eviction plans. AFAIK the LL can't create condo units for just certain units and not others.
The Tenant Network(tm) for Residential Tenants
Information from TenantNet is from experienced non-attorney tenant
activists and is not considered legal advice.

Subscribe to our Twitter Feed @TenantNet
TenantNet
 
Posts: 10325
Joined: Mon Jan 21, 2002 2:01 am
Location: New York City

Re: Covert rental unit conversions (to coops/condos)?

Postby sr77 » Sun Jul 31, 2016 6:56 pm

Owner-Sponsors must produce a 'Black Book' that is given to all tenants

Right, but that's just the 'law.' I was referring to circumventing the law by not giving the black book to particular tenants and having a conspiracy of silence among those included in the offering.

Is there a city office that would have records of a building's owner having circulated an offering plan?

Would the atty general's office provide this information upon request?

Thanks.
sr77
 
Posts: 211
Joined: Sun Jan 21, 2007 1:12 pm

Re: Covert rental unit conversions (to coops/condos)?

Postby TenantNet » Sun Jul 31, 2016 8:37 pm

Then you should contact the AG's office. They have all the records.
The Tenant Network(tm) for Residential Tenants
Information from TenantNet is from experienced non-attorney tenant
activists and is not considered legal advice.

Subscribe to our Twitter Feed @TenantNet
TenantNet
 
Posts: 10325
Joined: Mon Jan 21, 2002 2:01 am
Location: New York City

Re: Covert rental unit conversions (to coops/condos)?

Postby sr77 » Mon Aug 01, 2016 2:26 pm

contact the AG's office. They have all the records.

OK, let's see how that works out. :roll:
sr77
 
Posts: 211
Joined: Sun Jan 21, 2007 1:12 pm

Re: Covert rental unit conversions (to coops/condos)?

Postby TenantNet » Mon Aug 01, 2016 2:39 pm

While you're at it, you should get a rent history for as many units in the building as you can. DHCR FOIL rules, however, will restrict that to the tenant in occupancy or an authorized representative. Tenants need to prove their relationship to the unit by including a lease, a Con Ed bill or something similar.
The Tenant Network(tm) for Residential Tenants
Information from TenantNet is from experienced non-attorney tenant
activists and is not considered legal advice.

Subscribe to our Twitter Feed @TenantNet
TenantNet
 
Posts: 10325
Joined: Mon Jan 21, 2002 2:01 am
Location: New York City

Re: Covert rental unit conversions (to coops/condos)?

Postby BubbaJoe123 » Mon Aug 01, 2016 5:53 pm

1. It would be extremely difficult to create a condo with only some of the units in a building. From a practical sense, you'd have to wrap a condo within a condo (with the "outer" condo consisting of two members, a rental building and the condo). So, structurally, would look like a condop in a way, but much more awkward.
2. I can't imagine why you would WANT to create a condo with only some of the units in a building. What's the rationale for doing something like this again? Even if you could do it, and get away with it? Just do a condo conversion, and keep the units that are still rentals as sponsor units.
BubbaJoe123
 
Posts: 268
Joined: Mon Jun 30, 2014 5:31 pm


Return to NYC Rent Regulated Apartments

Who is online

Users browsing this forum: No registered users and 19 guests