Our new co-op building says no pieds-à-terre, but we know there are some. How can we do this too?

BY WOODS LONERGAN PLLC

Co-ops can impose restrictions that make it difficult to use an apartment as a pied-à-terre, but it can also be challenging to keep track of how every shareholder is using their units, our experts say.

“Many co-op boards have a strong preference for owner-occupied units and may make efforts to advise prospective purchasers of their no pied-à-terre policy in the building,” says James Woods, Esq., managing partner at Woods Lonergan. “Once someone has been approved and living in the building, it tends to be a different situation, particularly when they are a tenant in good standing for an extended period.”