Updated over 6 years ago on . Most recent reply
House hacking in HOA community?
Recently purchased a home which will be my primary residence. It is in a HOA community and have a friend that I would like to live with me and pay rent to house hack. Is there a formal process for taking this next step? Are the formalities necessary? Any help is much appreciated
Most Popular Reply
@Frank Chin FYI NYC co-ops have proprietary leases and so shareholders fall under NY state lease laws. The NY "roommate" law allows anyone under a lease to have a roommate. State law supersedes any co-op bylaw so co-op shareholders can have roommates without board approval. Now if you try to put the roommate on a lease that would change things (although not sure you can lease a single room), and the shareholder would have to use the co-op as primary residence. So you could technically house hack a co-op.