Subletting my Condo

No your property managers are protecting the rights of the other tenants. All they require is background checks so you don't rent to anyone with a criminal history. In addition why would you consider renting if they couldn't afford it or in the past filed for bankrupcy or have a track record of not paying their bills. How would you know this if they didn't do a credit check. Why wouldn't you want to do a credit check on a prospective tenant. Keep in mind this is for your protection as well.
A co-op has a much more detailed process which may require interviews and if you on a co-op you usually can only can rent out for 2 years maximum. As for the move and app fees well that's how they make their money.

You may want to see if you can "sublet" it to someone who will not have a lease.

I once was a sublet tenant for 4 months while my place was being renovated. Both of us agreed to have no lease nor checks change hands. Just cash.

Easier for all of us. But you need to have some trust on both sides.....

don't trust anyone without doing a background and credit check that can be real dangerous.

huh,

i did that type of sublet couple of years back while i was a tenant, renting myself, and all went smooth...now that i'm an owner, i'm a bit more weary of doing something like that since i'll be here longer-term and don't wanna F up relations between building employees/management/super that could bite me back in the end.

spunky, thanks for the input..would you say 1 month rent will still be normal for security deposit..that's the amount i used for my previous sublet, when i was renting

One month is okay but try to get two months. Bottom line if the renter has very good credit (720 +) you should be fine. Make sure your lease states what recourses you have if the rent is late.

Hi,

I am rental specialist with Prudential Douglas Elliman, Your condo may not allow short term leases, usually the minimum you can do is 6 months for condo's and don't forget there is a BOARD PACKAGE that your tenant will have to type up and give all the documents they require and condo fee's.Leases are drawn up and they have to be Rebny NY real estate leases. I ask my potential tenants for first month, security and last month rent. A condo can't turn down you your tenant exept if they have terrible credit or criminal background. My riders are very strict protecting both the tenant and landlord so that there is no surprises.

Financial matters is the only thing the condo cares about.If they have terrible credit, then you get one up front with two months security.I have gotten for my condo owners one year upfront or six month up front if its a short term several times. Don't even bother doing what "huh" suggest because if someone in your building or the doorman finds out you rented your apt without telling management, you will have more problems that you would ever want. If you need any help in subletting your condo, at no cost to you, I would be happy to help you.