Elsida.radon…, Home Buyer in Woodside, Queens, NY

Can this coop be sublet?

Asked by Elsida.radoncic, Woodside, Queens, NY Sun Mar 3, 2013

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Answers

5
Mitchell Feldman’s answer
Dear Elsida:

Which particular property are you referring to? Policy regarding sublet differs from co-op to co-op. Some allow it and some do not. The ones that do allow it usually want the tenant to be approved by the board. In addition, here in Brooklyn, although some do allow sublet, restrict the owner from subletting in the first 2-3 years of ownership. You have to check with the co-ops management company to be sure especially if subletting is a concern for you.

If I can be of further assistance, please let me know. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Mon Mar 4, 2013
Simply ask your realtor to call the management company for the co-op and ask about subletting policies.
0 votes Thank Flag Link Wed Mar 6, 2013
Contact the coop board as each has their own set of rules. Some coop boards will allow you to sublet if you are transferring out of state for employment and have tried to sell your unit without success.
0 votes Thank Flag Link Sun Mar 3, 2013
Hi Elsida
there is not link here to check on?
madelinepadovano@fillmore.com
0 votes Thank Flag Link Sun Mar 3, 2013
Hello Elsida,
Most co-op boards do not allow subletting or you need approval from the co-op Board to do so as they have to approve the tenant. I suggest that you ask the agent representing the seller of the unit to find out that information for certain.

Best wishes!

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Sun Mar 3, 2013
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