3 Questions to Ask Before Applying for a Condo Rental or Co-op Sublet
- Brown Harris Stevens
- Feb 14, 2023
- 1 min read
By Deborah Miller, Licensed Real Estate Salesperson
Applying for a co-op or condo rental can sometimes seem daunting, especially if you are new to the process. When approaching your application process, ask yourself the following questions:
Do I have the 3-4 weeks to wait for the (typical) approval process, and a place to live in the meantime?
Will I be okay with losing around $600 if my application is rejected? (Keep in mind that application fees are almost always nonrefundable.)
Is a 1-2 year lease what I am looking for? (Most co-ops have a maximum time cap)
The above time cap is a bank-driven policy, as banks prefer a minimum number of primary residents subletting their co-ops to sublettors at any given time.
Keeping these questions and time parameters in mind can save a lot of stress and surprise as you navigate your rental journey.
Those three questions are probably the most important, Squid Game Online what are the ownership laws to feel secure when living in that apartment.
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