In some places, you'll run into co-ops (cooperative). For example, New York City. Their prevalence elsewhere has, I've heard, generally declined in favor of condominium charters. (A major factor, I vaguely understand, being the increased autonomy of the members.)
I'm not versed in the details, but in co-ops, group administration seems to have a stronger role. For example, you may need formal approval of the co-op in order to sell your unit, with respect to the particular sale at hand. In other words, if they don't like the prospective buyer (and can argue this on a non-discriminatory basis, I imagine), you have to find another buyer.
Some friends bought into a co-op, and I was solicited to write a letter of recommendation. In addition to a good and well-worded argument for their tenancy, I "punched it up" by placing it on company letterhead and emphasizing the formal role. Apparently, that did the trick. My point being, they had to sell not just the owner but the co-op on their purchase of the unit.
As I think about this, I imagine many co-ops might have some strong opinions on their members' prospective use of AirBNB.
I'm not versed in the details, but in co-ops, group administration seems to have a stronger role. For example, you may need formal approval of the co-op in order to sell your unit, with respect to the particular sale at hand. In other words, if they don't like the prospective buyer (and can argue this on a non-discriminatory basis, I imagine), you have to find another buyer.
Some friends bought into a co-op, and I was solicited to write a letter of recommendation. In addition to a good and well-worded argument for their tenancy, I "punched it up" by placing it on company letterhead and emphasizing the formal role. Apparently, that did the trick. My point being, they had to sell not just the owner but the co-op on their purchase of the unit.
As I think about this, I imagine many co-ops might have some strong opinions on their members' prospective use of AirBNB.