Are there anyco-op rules where one has to be working if not retired?
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Are there anyco-op rules where one has to be working if not retired?
Fortunately, my apartment is paid off, and I just have the maintenance and utilities to worry about. I have enough money saved to last until I find new employment, but I get critical looks from the Board and residents in my building. There is a chance I will not find a job in this terrible economy. Can the co-op board ask me to leave, or give me a hard time? They’re not aware I don’t have a loan on the apartment. I always pay the maintenance on time. I dress well and I am not someone they have to worry about. I bought from Sponsor, so never interviewed before buying.
Asked on September 26, 2010 under Real Estate Law, New York
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
There is no general law saying that one must be working if not retired, either in regards to a co-op or otherwise. It's possible there may be something applicable in the agreement(s) or coop rules that you would need to take cognizance of, but in the law generally, there is nothing.
As long as you honor all relevant rules and obligations, you can't be made to leave. Nothing however will stop members of the board or other residents from looking at you critically or expressing disapproval in one way or another--people have their rights to, and to voice, their own opinions. So you should be ok about residence, as long you follow the rules, make payments, etc., but it could be unpleasant to live there.
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