Yes I am renting directly through the condo owner, and I did use a broker. The lease was signed on December 6th and submitted to management and the board. I am going tonight to pick up keys and pay the broker fee and first months (January) rent...
1. There's the person who owns the property. You evidently were succesful in striking an acceptable agreement with them.
2. There's the Managing Agent who processes your application and sends it onward to the condo board for their approval.
3. The condo board must issue a "waiver" of their right of first refusal before you are actually legally cleared to move-in. Any accomodation the owner gives you can be offset by the condo board. Let's say you move your property in on the say-so of the owner, you will have to move it out if the board does not issue the waiver. Although it's likely that the board will issue the waiver, there are a myriad of reasons that they may not, so you are taking a risk by moving in before the waiver is granted.
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William Raveis Legends Realty Group