The Real.Est List
Considering a sublet? Read here first
Subletting an apartment -- whether you're the owner or the renter -- can be a tricky and even hair-raising process.
We've covered the topic extensively here on Brick, both from the perspective of the owner renting out their place and the renter renting out a co-op or condo, so for this week's SurvivalList roundup, we bring you everything you ever wanted to know about sublets.
That includes issues like getting co-op board approval to move more quickly (so you can move into your place faster) and, from the renter's perspective, the downside of renting in a co-op when the owner breaks the rules or doesn't get co-op approval at all.
If you're a Sandy refugee -- or anyone looking for a more-temporary-than-usual rental, you'll want to take a look at our short-term rental guide.
Owners may want to get straight on whether or not a co-op can demand that the mortgage bank approve your sublet, as well as the consequences of not getting condo board approval.
We've also got plenty of general advice for owners and renters alike from What's a normal sublet fee?, to 5 ways to screw up your sublet and how to avoid a subletting scam, as well as safeguards for furnished sublets and what to do if your renter wants a two-year lease.
One particular issue we've covered is the ever-popular Airbnb (short-term) rental, including 8 tips for NYC Airbnb hosts and how to decide whether you can handle being an Airbnb landlord. We also explain the rules, including the fact that it's still illegal to rent out your NYC apartment for less than a month.... though plenty of people do it.
We also have tales of (and tips from) a long frequent sublettor and a cautionary tale about subletting scams.
For these and more, scroll down.
Considering/currently renting out your apartment?
- Rent your apt as a hotel and your broker could be out of a job
- Rent Coach: Co-op board wants my mortgage bank to approve my sublet
- Ask an Expert: Can my condo board take the rental income on my apartment?
- Rent Coach: The consequences of not getting condo board approval
- Ask an Expert: Different sublet rules for different co-op owners--fair or foul?
- Ask an Expert: A few safeguards for furnished sublets
- Ask an Expert: How to get top dollar on your sublet
- Ask an Expert: How many rentals is too many?
- What's a normal sublet fee?
- 5 ways to screw up your sublet
- Rent Coach: Help! My tenant wants a two-year lease
Looking to sublet someone else's apartment?
- Rent Coach: I'm ready to move into my sublet, but the co-op board is dragging its feet
- "Sophisticated business people" falling for $21,000 NYC sublet scam
- How to avoid a subletting scam
- 5 shares, 6 months: A NYC sublet tale (and what she learned from it all)
- Sneaking by the board to sublet a co-op
- The downside of renting in a co-op when the owner breaks the rules