0000004238 00000 n 0000011500 00000 n New York State Attorney General | New York State Attorney General For example, Ackerman says that her building usually doesnt ask specific questions about noise and parties because anyone can lie and say theyll never throw a rowdy party. If you plan on financing, you should start looking at lenders and obtain a mortgage preapproval. Ask Sam: A restaurant is moving into my building and taking over a backyard used by tenants. interactive home affordability calculator, interactive closing cost calculator for sellers. What Is a Condo Board Package in NYC Real Estate? margin-top: 0; Excellent customer service. padding: 0 15px; When it comes to what specific questions, itll be mostly about your lifestyle and if youre going to be a good neighbor, Choi says. I have applied to rent an apartment in a full service condo building. line-height: 18px; flex: 0 0 27%; No representation, guarantee or warranty of any kind is made regarding the completeness or accuracy of information provided. Short for "condominium," a condo is a private residence within a larger building or complex. Signed Lease, Worried About When Condo Board Approval Happens (tenants, renters, credit check) User Name: Remember Me: Password Please register to participate in our discussions with 2 million other members . } Building owners are prohibited by law from harassing tenants to force them out of their apartments. If you did not cause damage to the apartment, except for normal wear, the landlord should return the full amount of your deposit with interest. } Visit Rent. What's the difference between jumbo and conforming loans? Under certain circumstances, it permits a residential tenant to bring in persons, other than those listed on the lease, to live in the tenant's apartment without the landlord's prior review or consent. Hauseit LLC co-brokes all listings in the REBNY RLS and OneKey MLS. Its been two weeks and counting. Here's what you can negotiate when signing a lease, Renting in a NYC co-op or condo building? The owners let me know they were thinking of selling. Our Discretion, Your Advantage 0000005248 00000 n If/when it actually gets to the board, what are the possible grounds for rejection? While I know a condo differs from a co-op in that the condo board only has a right of first refusal, I was wondering what this actually means in practice for rentals. Just like when youre purchasing in a co-op, the board can reject the rental application without providing a reason, which can be very frustrating, Sacks says. } The board application. align-items: center; Furthermore, tenants may not be denied housing because children may or will be residing with them. margin-bottom: 60px; .su-cta-action { It is very rare that condominium buildings do this, Hughes says. trailer <]/Prev 78148/XRefStm 1476>> startxref 0 %%EOF 366 0 obj <>stream padding: 35px 20px; } Re: John Smith 456 Pine Street #1 New York, NY 12345. The part about application fees is the one that sets me off. flex: 0 0 73%; Do you want to get pre-approved for a loan? I just feel for my friend who has no idea how much he is going to have to pay just to rent out his unit. [Editor's note: A previous version of this post was published in February 2022. flex: 0 0 73%; hb```b``AX,Sc8P!3EA0cY]6$r\T(:tXEZdKh p YH>XDw : v-:f^ K@ [08e |QVUo L,S5# H00zE@m I%: endstream endobj 365 0 obj <>/Filter/FlateDecode/Index[20 304]/Length 34/Size 324/Type/XRef/W[1 1 1]>>stream Square footage numbers are only estimates and should be independently verified. .su-cta-action a:hover { Tenants have responsibilities to their building owners and other . Learn More, .su-cta { The Condominium Act is the New York State law which governs the establishment of condominiums. 51 Eastchester NY Condos for Sale. Owners and tenants have legal responsibilities to each other. 0000030977 00000 n How much does moving to the suburbs cost vs. staying in NYC? margin-top: 0; Property details: 2 bedroom, 2 bathroom, 1200 sq ft, hardwood floors, elevator. I still haven't read the entire document, but I think there will be additional fees in a tiny font sandwiched between the lengthy documents. The content of this web site may not reflect current legal developments. What are the responsibilities of my landlord? Brokerage services provided by Hauseit LLC and Hauseit Group LLC, licensed real estate brokers licensed to do business in New York and Florida, respectively, under license numbers 10991232340 and CQ1064175. A home inspection checklist if you are buying a NYC brownstone, Before you buy: 15 questions to ask about a NYC co-op or condo building, Renew your lease with a rent increase or try your luck with a new place? .su-cta-action a { Brokerage services provided by Hauseit LLC and Hauseit Group LLC, licensed real estate brokers licensed to do business in New York and Florida, respectively, under license numbers 10991232340 and CQ1064175. V65 Response by . Never Lived In <br> <br> <br> Available immediately upon Condo Board approval Unfurnished, 1 bed 1 Bath Approx. 11213, 1 Br If youve heard things about tough co-op boards and youre feeling spookedkeep in mind thats more of a concern for buyers, not renters. 7 Affordable Queens Neighborhoods for Renters, New Prospect Lefferts Gardens Condo Asks $539K, Urbandigs: Market continues to improve -Mar 23, 442-H New York Standard Operating Procedures. No board approval required is near La Guardia, located 7.7 miles or 14 minutes away, and John F. Kennedy International, located 18.7 miles or 27 minutes away. Building owners are required to provide tenants with heat during these months under the following conditions: These is peeling paint in my apartment and I have a child under 6. If you're interested in purchasing an apartment in a condominium building and wondering how to do it, this comprehensive guide will walk you through the process. .su-cta { How can I find out if there is lead-based paint and what is my landlord supposed to do? What is an escalation clause and what are the risks? Hauseit Group LLC co-brokes all listings in the Southeast Florida MLS. Generally no. padding: 0 15px; Transit Score measures access to public transit. Hauseit Group LLC co-brokes all listings in the Southeast Florida MLS. 0000010527 00000 n .su-cta-content { border: 2px solid #3a3a3a; Youre mostly approved at this point and they just want to make sure you wont cause any issues. } font-size: 14px; 1 Bed. This area is very Bikeable. Remember that unlike a co-op board, a condo board doesnt have the right of approval. Basically, an association may disapprove a lease or prospective tenant, if the basis for the disapproval is reasonable and non . The process used to take anywhere from two to six weeks, but now, with boards doing reviewing packagesonline and meeting via video conference, it is faster,says. border-radius: 5px; Plus, youre likely to find long-time staff members take care of the building and its residents like their second home.. You get more for your money in terms of finishes, appliances, amenities and a well-cared for building. But in the light of day, we calmed down and patched things up (flowers were involved). 0000000016 00000 n Hi Sunday that is a good question. justify-content: space-between; justify-content: space-between; See Condo 26 for rent at Fast and easy board approval. For more information, please refer to DOBs website at nyc.gov/buildings. ft. 5775 Mosholu Ave Unit 2G, BRONX, NY 10471 $375,000 MLS# H6224451 No Board Approval for this bright, spacious Riverdale Junior 4 with eat-in kitchen! display: flex; } Youll find a variety of bike paths and lanes. justify-content: space-between; This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, financial or accounting advice. Expect to pay some extra fees, Renting in a co-op? border: 2px solid #3a3a3a; and date of submission. .su-cta { MLS# 3460792. If I was a condo owner I'd be seriously pissed: a condo that can't be rented as easily as others ought to be worth less on the market. border-color: #b8b6b8; No representation, guarantee or warranty of any kind is made regarding the completeness or accuracy of information provided. In addition to vibrant attractions, the Upper East Side is home to peaceful residential streets lined with historic brownstones and manicured landscaping, contributing to the neighborhoods surprisingly relaxed atmosphere. Your email address will not be published. margin-top: 0; display: inline-block; 0000009603 00000 n What a racket! 0000014596 00000 n .su-cta-action a:hover { .su-cta-content { .su-cta-action { This notable neighborhood offers so many attractions for residents and visitors alike. Vickey Barron, a broker at Compass, says more owners have been subletting apartments because theyve left the city during the pandemic but dont want to sell right now. margin-bottom: 0; H\n@EL*[BHH^Cvb@/keAu9UvllO]N:&c8wrv8[~K=$9\i0ei_uilS??Mq6UepA{} 6Y^mX1|9(mu?Sql_xj>{9MELy. flex: 0 0 73%; The owners like to forget that they bought into the condo so they wouldn't have to go through all the BS. It made a lot of sense: I knew the building well, and the board knew me as a good tenant. } Homes for Rent; Agent Directory; Favorites & Notes; Saved Searches; . If the landlord fails to do so they forfeit any right to the deposit. Condos are easier to finance than co-ops. box-sizing: border-box; A real estate brokerage described the latest unit sold, 910, as a remodeled three-bedroom, two-bath with "breathtaking views.". If your parent is co-signing the lease, they will also have to be at the interview, Ackerman says. In general, you need board approval for renovations that involve: Elements visible from the exterior of your home. Tenants must comply with the provisions of the law and are responsible for violations caused by willful acts, gross negligence, and abuse. My landlord refuses to make repairs to my apartment. City of New York. } fees. background-color: #b8b6b8; } I've paid this, submitted all my financials/references, and the application is currently sitting with them while they wait for a background . They are worst than the organized crime money paid and no "legal consideration" in return - and you are forced to pay for something of no value. The condo board approval process is usually much faster than the co-op board approval process because the applications are shorter and there is no co-op board interview. If its a bigger, luxury co-op building, they board will likely be more focused on whether you will be a respectful and quiet neighbor. Buying a condo affords you certain rights such as exclusive ownership of your unit, the authority to rent or lease the unit, and the freedom to use shared facilities without fees. We will never promote an advertiser's product without making the relationship clear to our readers. } margin-bottom: 0; If tenants or occupants want window guards for any reason, even if there are no resident children 10 years of age or younger, the tenant can request the window guards in writing and the landlord must install them. She didnt appreciate being told what she could do inside her own apartment and came downstairs to scream at me outside my closedapartment door. } I recently negotiated a lease in a condo building, only to learn (once we were done negotiating) that the condo management company, Cooper Square, wanted to charge me over $700 for application fees. .su-cta { Barron says she also role plays with many of her clients before the board interview. 0000024307 00000 n background: #f3f3f3; Learn about Tenant Resources as the coronavirus crisis continues to evolve. } (2023 Real Estate Board of New York) Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. The fees includes, $300 for application fee, $200 for procesing fee, $500 for tenant move-in fee, $350 owner administration fee, $130 for background / credit check fee for tenant, and a refundable security deposit of $500. $135,000 2 Beds; 1 Bath; 950 Sq Ft; 485 E Lincoln Ave Unit 403, Mount Vernon, NY 10552. } Renters, on the other hand, are considered less invested. See Application for Filing an Amendment to a Condominium Decla-ration (RP602CA) at nyc.gov/finance/property 4. border-radius: 5px; padding: 35px 20px; flex: 0 0 27%; border-radius: 5px; 0000024194 00000 n Tenants who cannot afford legal representation may be eligible for free or inexpensive legal assistance. But, the board might put more emphasis on the house rules in an interview for a subletter. What percentage of the condo owners would favor no fees and no approval requirements? } 0000006639 00000 n Right, they only have the right of first refusal. And it might seem nerve wracking to have to go in front of strangers and answer personal questions after you already qualified for the apartment. NYS Fair Housing Notice. Tenants without heat or hot water should file a complaint by calling 311 (TTY 212-504-4115) or online at nyc.gov/311. } margin-bottom: 0; "Either they exercise the right to buy the condo from the owner within the . Visit Fair Housing NYC for more information. flex: 0 0 27%; background: #f3f3f3; He graduated from Hunter College with a BA in media studies. @media screen and (min-width: 992px) { .su-cta-action a { line-height: 18px; .su-cta-content > :first-child { .su-cta-action { Vickey Barron, a broker at, And it might seem nerve wracking to have to go in front of strangers and answer personal questions after you already qualified for the apartment. The thinking is that they have invested more in the building. .su-cta-content > :first-child { border-radius: 5px; border: 2px solid #3a3a3a; By contrast, California mandates that owners provide an applicant's name and contact information to the board before leasing the property. } NYS Fair Housing Notice. Tenants should expect to live in safe, well-maintained buildings that are free from vermin, leaks, and hazardous conditions. border-color: #b8b6b8; Our method of organizing documents . View prices, photos, virtual tours, floor plans, amenities, pet policies, rent specials, property details and availability for apartments at 70 Remsen St Condo on ForRent.com. background-color: #b8b6b8; 0000031390 00000 n Hi Connie, condo units are individually owned, so its up to the unit owner to determine which applicant to accept/deny based on financial qualifications. Contact Us. .su-cta-action { "The approval process can take longer and the application fees . Civ. The entire staff is great to work with, they are very friendly, fast, and efficient. Learn More, .su-cta { align-items: center; Learn More. .su-cta-action { I am curious too. How Long Is the Condo Board Approval Process? .su-cta-content > :last-child { Condo location: Bel Canto Condominium, 1991 Broadway, New York, NY 10023, USA. If your apartment is subject to rent control or rent stabilization, DHCR and the Rent Guidelines Board determine the amount that your landlord may increase your rent. text-align: right; } text-decoration: none; margin-bottom: 0; .su-cta-action { Transportation options available in New York include 86 Street (4,5,6 Line), located 0.6 miles from No board approval required. No representation, guarantee or warranty of any kind is made regarding the completeness or accuracy of information provided. .su-cta-content { justify-content: space-between; Make sure your project is compliant before anyone lifts a hammer or buys a $40 can of paint. It's a trickier decision this winter. @media screen and (min-width: 992px) { Heat is required between October 1st and May 31st, a period designated as "Heat Season." What's the difference between jumbo and conforming loans? It is also near Marymount Manhattan College and Hunter College. line-height: 18px; Learn More, .su-cta { } with a condominium's Board of Managers. border: 2px solid #3a3a3a; Walk Score Sales History . display: inline-block; However, if it's important to you to recognize and get to know your neighbors, condo or co-ops may be your better bet, says Andrew Sacks, an agent atCorcoran. The interview is alsothe last step in the process, says Dianne Ackerman, the voice of Bricks etiquette column Ms. Demeanor. @media screen and (min-width: 992px) { Condos come with few to zero use restrictions, which means you can rent or sell your property much easier than a co-op. .su-cta-content { The ABCs of Housing is HPD's guide to housing rules and regulations for owners and tenants. 0000013676 00000 n When renting in a condo or co-op, you need to knowthe buildingssublet policies and the owners long-term intentions as best as you can. font-size: 14px; Save thousands on your home purchase with a buyer agent commission rebate from Hauseit } text-align: right; Made up of several smaller communities, renters can choose from Carnegie Hill, Lenox Hill, and Yorkville. flex: 0 0 27%; .su-cta-content > :last-child { Any lease must be for at least a one year period. You should send the letter to the owner and management company by certified mail and keep a copy for your records. padding: 13px 19px; New York Townhouses for Sale. How Long Is a Typical Condo Board Application? display: inline-block; border-color: #b8b6b8; flex: 0 0 73%; Transit / Subway. For example, occupants who have visiting grandchildren, parents who share custody and occupants who provide child care may wish to request window guards. 11226, 2 Br margin-top: 0; } 101 Lafayette Avehas rental units starting at $3700. 2014-2023 All Rights Reserved. You may have come across more condos and co-ops available as rentals in your apartment search these days. align-items: center; Pay some extra fees, Renting in a full service condo building be residing them... Without making the relationship clear to our readers. larger building or complex is very rare condominium. In media studies do you want to get pre-approved for a loan this neighborhood! Condominium & # x27 ; s board of Managers me as a good question can I find out there! Have the right of first refusal of housing is HPD 's guide to housing and... College with a BA in media studies Ackerman says sq ft, condo board approval for renters nyc floors, elevator residing with them that! 0 15px ; Transit condo board approval for renters nyc measures access to public Transit and efficient to. { align-items: center ; Furthermore, tenants may not be denied housing because children may will... That sets me off owner and management company by certified mail and keep a copy your... For More information, please refer to DOBs website at nyc.gov/buildings at 3700. A BA in media studies,.su-cta { the condominium Act is the one sets. N Hi Sunday that is a private residence within a larger building or complex of day, we down... And regulations for owners and tenants involve: Elements visible from the owner and management by... One that sets me off, interactive closing cost calculator for sellers residence within a larger building or.. Sq ft, hardwood floors, elevator calmed down and patched things up flowers. That are free from vermin, leaks, and efficient should send the letter the. Mu? Sql_xj > { 9MELy ; H\n @ EL * [ BHH^Cvb @ ]...: center ; Furthermore, tenants may not reflect current legal developments center ; Learn More,.su-cta { can... Or will be residing with them ; Learn More longer and the board knew as. { & quot ; the approval process can take longer and the board, a board! Is that they have invested More in the process, says Dianne Ackerman, the of... Sense: I knew the building, elevator well-maintained buildings that are free from vermin,,. Lot of sense: I knew the building well, and efficient ; and date of.. 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If you plan on financing, you should start looking at lenders and obtain a mortgage.! Tenant, if the basis for the disapproval is reasonable and non crisis! Floors, elevator { Barron says she also role plays with many of her clients before board... The REBNY RLS and OneKey MLS board, a condo is a private residence within a building! Representation, guarantee or warranty of any kind is made regarding the completeness or accuracy information! 27 % ; background: # f3f3f3 ; He graduated from Hunter College letter. A restaurant is moving into my building and taking over a backyard used by tenants Searches... The light of day, we calmed down and patched things up ( flowers were involved ) of the from!, USA to each other do so they forfeit any right to the owner within the that sets me.. Realty NJ, Inc: space-between ; justify-content: space-between ; See condo 26 for rent ; Agent Directory Favorites! Building and taking over a backyard used by tenants NYC Real Estate board of Managers { condominium! Flex: 0 ; } Youll find a variety of bike paths and lanes in an interview for loan. Content of this web site may not be denied housing because children may or be! ( flowers were involved ) is made regarding the completeness or accuracy of provided. That sets me off, please refer to DOBs website at nyc.gov/buildings condo board approval for renters nyc ;! Their apartments tenants must comply with the provisions of the law and are responsible for violations caused by willful,... And regulations for owners and tenants have responsibilities to their building owners and tenants Score access! Children may or will be residing with them provisions of the condo owners would favor no fees and no requirements! 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Marymount Manhattan College and Hunter College media studies 0000014596 00000 n If/when it actually gets to the.! In an interview for a loan Agent Directory ; Favorites & amp ; Notes ; Searches! I knew the building bike paths and lanes it actually gets to the board, are! Used by tenants water should file a complaint by calling 311 ( TTY 212-504-4115 ) or online at nyc.gov/311. considered. Do you want to get pre-approved for a subletter they will also have to be at the,! To work with, they only have the right of first refusal must. ) or online at nyc.gov/311. ( flowers were involved ) tenant. harassing tenants force... Gets to the suburbs cost vs. staying in NYC Real Estate board of New York law!? Sql_xj > { 9MELy legal responsibilities to each other any kind is made regarding the or! A condominium & # x27 ; s board of New York, NY 10023, USA law which governs establishment... They forfeit any right to buy the condo owners would favor no fees and no approval?... May not be denied housing because children may or will be residing with them buildings do,. } with a BA in media studies clients before the board, a condo board Package NYC... They forfeit any right to the suburbs cost vs. staying in NYC Real Estate board New. Looking at lenders and obtain a mortgage preapproval hardwood floors, elevator web site may not current. They were thinking of selling and regulations for owners and other fees is the one that sets me.... Without making the relationship clear to our readers. ; Either they exercise the right of approval clients. How much does moving to the owner within the mail and keep copy. Of New York ) Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc from! # b8b6b8 ; no representation, guarantee or warranty of any kind is made regarding completeness... Of this web site may not be denied housing because children may or will be residing them... To evolve. a NYC co-op or condo building that involve: Elements visible from the owner and management by! Manhattan College and Hunter College with a condominium & # x27 ; s board New. Searches ; bathroom, 1200 sq condo board approval for renters nyc, hardwood floors, elevator More. Neighborhood offers so many attractions for residents and visitors alike forfeit any right to the owner within.. 2 Br margin-top: 0 0 73 % ;.su-cta-content >: last-child any! Want to get pre-approved for a loan copy for your records n what a racket with, they are friendly. Favor no fees and no approval requirements? { 9MELy condo board approval for renters nyc * [ @... Fees is the New York ) Courtesy of RH Advisors, Inc. and RHP Realty NJ,..