HOA Reviews in New York
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By the numbers
HOAs in New York
Residents in HOAs
3.71M
Homes in HOAs
1.45M
Community associations
> 15K
Annual assessments paid
$7.5 billion
Volunteer board members
125.4K
Value of volunteer hours
$190 million
Median home value
$481,904
FAQ
New York HOA Questions
Q1:What law governs New York HOAs?
New York condominiums are governed by the New York Condominium Act (Real Property Law § 339-d et seq.). Planned community HOAs rely on the Business Corporation Law or Not-for-Profit Corporation Law and their governing documents.
Q2:Can a New York HOA restrict subletting?
Yes. New York HOAs and co-ops can restrict subletting. Subletting restrictions are common and courts have generally upheld them as long as they are applied consistently and in accordance with the governing documents.
Q3:Are New York HOA board meeting minutes available to homeowners?
Yes. New York law and most governing documents require HOAs to make board meeting minutes available to members upon request, typically within a reasonable time after the meeting.