Most co-ops have very strict policies about subletting, which does not make them an idealinvestment opportunity and can present a serious challenge if your job suddenly relocates toLondon, for instance. The rules vary, but owners are usually allowed to sublet their apartmentfor no longer than 1 to 2 years in any 5-7 year period. The […]
A self-managed building is a condo or co-op building which does not pay for the services of athird party ‘Managing Agent’ to run the day-to-day operations of the building. Self-managedbuildings in NYC are typically very small and have less than 15 units. If a building is self-managed, it means that the individual apartment owners take […]
While your lawyer reads the board meeting minutes as part of his/her duty when conductingdue diligence, we help prospective co-op and condo buyers in order for him/her to alsounderstand the issues prior to making an offer. It can also assist existing owners to keepabreast of the building’s issues, and if there are any festering problems. […]
