New York City cooperative apartment owners are shareholders in a corporation holding stock and  proprietary leases allocated to their apartments.

Unlike condominium and home owners, shareholders  have a landlord-tenant relationship with their Co-op with specific legal rights.

Whether you are a Co-op Board member, a shareholder, or a managing agent, you should work with attornesy to fully understand your rights and options in any dispute involving unpaid maintanenance and allegations of lease violations.