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NYC > Q&A > co-op rental

co-op rental

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If I want to rent out my condo or co-op apartment, what are the high-level steps to do so? How should I start?

If I’m renting from a condo or co-op owner and during my lease term, he/she sells the unit to another owner, what happens to my lease? Will I need to communicate with the new owner?

If I’m interested in buying an apartment as an investment property to rent out to tenants, should I focus my search on condos or co-ops?

If I’m buying an apartment that I plan to live in for a few years and then potentially rent out in the future, should I purchase a co-op or condo, or either is ok?

Are landlords ever willing to negotiate the monthly rent and accept lower offers when a prospective renter submits an application?

This is purely a case-by-case situation.  There are many factors that could apply, but obviously a full offer on the asking price will generally give you best chance at securing the apartment...

Do landlords allow prospective tenants to make changes to a lease before signing it?

Generally, large landlords do not allow tenants to make modifications to a lease prior to signing.  Most use standard lease forms like REBNY or Blumberg that they are comfortable with and thus...

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