New York, NY HOA Rules: Board Procedures (2026)

In NYC, condominium associations are governed by Article 9-B of the Real Property Law (the Condominium Act, RPL §339-d et seq.), which provides the framework for organization, governance, and maintenance obligations. Co-operative corporations operate under the Business Corporation Law (BCL) and their proprietary lease and house rules. Condo boards must hold annual unit-owner meetings, maintain minutes of all board meetings, provide financial statements to unit owners, and act in a fiduciary capacity. Board members are elected by unit owners at the annual meeting. The business judgment rule protects board decisions made in good faith and within the scope of authority. Under NYC General Obligations Law §5-702 and Real Property Law §235-e, owners/shareholders have the right to review corporate records and financial statements. Board meetings must follow the procedures outlined in the bylaws; Robert's Rules of Order is commonly adopted. Quorum requirements are typically defined in the bylaws (often 20-25% of owners). NYC does not have a single comprehensive HOA Act like some states — governance comes from a combination of the Condominium Act, BCL, the offering plan (Martin Act), and common law.