Smart Tips to Remember Before Renting a Condo in NYC
Before you start looking for a condo rental in NYC, you need to know the legalities of subletting the unit. While subletting a condo is allowed in NYC, you should first get to know the surrounding area. Other smart tips to consider before renting a condo are checking the amenities of the building, conducting research and getting a rental contract that clearly outlines all costs. Learn how to sublet your NYC condo.
Subletting a condo is legal in NYC
While subletting a condo is generally legal, the owner should give reasonable reasons for denying the request. For instance, a subtenant with a criminal history would not be an acceptable subtenant. Tenants must keep their apartment their primary residence, according to their request for permission. To prove this, tenants must be registered as New York City residents, pay New York City income tax, and list the apartment as their primary residence on residency records. Failure to do so may result in eviction.
Checking out the amenities of the building
If you’re moving into a new apartment or condo complex, it’s helpful to know what amenities the building offers. Some buildings have a laundry area for residents while others offer dry cleaning services. Some buildings allow pets, with a doggie daycare or a courtesy shuttle. Before signing a lease, ensure you review the amenities.
Researching the neighborhood
Researching the area before you rent a condo has many benefits. Doing so can save you headaches and frustration in the future. If you have young children or want to have a family-friendly neighborhood, it is important to research nearby amenities. You should look for amenities that appeal to your children like swimming pools and parks. Children will also benefit from animal shelters and lessons in karate. Young singles can look for clubs and restaurants in the neighborhood. These places can be viewed online, or you can ask neighbors for recommendations.
Getting a rental agreement that includes all costs
Before you sign a lease agreement, it is important to get all costs and terms in writing. It should be clear when rent is due as well as what type of security deposit is required. Rental agreements should include the address of the rental unit as well as the start and end dates for the lease. You should also verify the building’s occupancy rules. Most rental agreements are governed by local laws, so it is important to get legal advice before signing one.
A landlord may ask to see references and verify credit when you apply for a rental apartment. If there are any blemishes on the applicant’s record, a landlord may reject them for this reason. Tenants must have a credit report and a background check. Landlords have the right to deny tenants who intentionally withhold information. Some cities prohibit landlords performing background checks.
Finding a tenant
When looking for a tenant for your condo, there are some things you should look out for. First, check the applicant’s financial status. Landlords require a credit check to ensure that the applicant has sufficient funds to pay the monthly rent as well as any other fees. Make sure to carefully consider the applicant’s history of violence, drug abuse, and other problems before renting your property.