R_lapus, Home Buyer in Boston, MA

are there subleasing restrictions?

Asked by R_lapus, Boston, MA Sat Dec 28, 2013

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5
For accurate information contact management directly and ask, or consider working with an agent of your own who can provide any necessary information....
1 vote Thank Flag Link Sat Dec 28, 2013
There are almost always sub leasing restrictions in any co op. You may Ned to live there for a certain number of years before you can lease. And then you may only be able to lease for a year or two. And you'll need board approval of your tenant. If you are buying as an investment or just feel tjhete will be a need to sublease, you should buy a condo. Let me know if I can be of assistance.
1 vote Thank Flag Link Sat Dec 28, 2013
Yes no subleasing usually it isn't legal in nyc and on most leases. Unless they're looking to sublease their apartment.
0 votes Thank Flag Link Sun Dec 29, 2013
Every coop has different sublet requirements. Best is to get in touch with the listing agent. She'll have a copy of the board application and house rules and she will give you the right answer. If you are thinking to purchase this as an investment property, think twice. Coops in general are not for investment.
0 votes Thank Flag Link Sun Dec 29, 2013
If you rent, ask your landlord. If you own, then the board will provide you with the answer.

Bill Hanley
(917)412-6248
0 votes Thank Flag Link Sat Dec 28, 2013
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