Renting out a condo for a week or less

I highly doubt your management company is going to allow for transient renters. You need to call management.

99% of the time that is against the published "Condo House Rules". In a co-op they can void your agreement; in a condo the board can probably fine you.

And neighbors (like me) would be very, very, pissed off.

This is a bad plan, and you'll probably be caught.

What really sucks is living in a building where the sponsor is doing that with their leftover unsold units !

Hi, I'm european and travel to NYC 4-5 times/year. I always rent apartments there for 1 week - 5 weeks and rentals are easy to find. sometimes I get the impression that almost everybody in the city rents their apartments i.e. during holidays, there are so many listings like that.
Now I'm considering to buy a condo to have my own home in the city I love. of course my apartment would be empty most of the time while I'd still have to pay common charges, so I would also consider to rent it while I'm not there. I did not know that condo rules are different in the U.S. vs. Europe until I asked about condo rental policy just recently..in Europe you buy a condo and you have no rental restrictions whatsoever as it is your individual property. I must say I still don't see the problem with short term rentals. every owner in his own interest will of course be extremely careful when picking a renter for his apartment, so I don't think the average short term renter will cause any problems for the building or the neighbors.

153 - What you want to do are different from the rules. You would need to read the rules for your building and be able to bear any consequences if you are found to be in violation. It aounds like you would be willing to take that risk of violation - but that's your choice.

I'm always having people visiting and I never have room for them. Where do you find short term rentals, one week, two weeks, etc.

I've found craigslist.com a great resource, Julia.

A few years ago I rented a delightful floorthru in an old West Village townhouse for a month.

Another year I rented a nice floorthru in a Chelsea townhuse for a week.

Much better and cheaper than a hotel. And you feel at home with a kitchen, etc.

Lots of offerings.

Somehow craigslist has a lot of them. I've never considered the ramifications from the building/neighbor's side but it does seem like they are just short term rentals/hotel type units. Since it is frowned upon by both the condos & co-ops perhaps it is the sponsors who have created a side hospitality business.

This is amazing. I didn't know these existed. Thanks for posting this!

It's not only against most condo rules but it also breaks NYC law because you're essentially renting your apartment as a hotel. There are licenses required to be a hotel and you also obliged to pay hotel tax and the city has become far more aggressive in going after this illegal use.

Renting a condo/coop apartment as a hotel is risky case of "buyer beware." In our condo when we discovered an owner was doing this, we just stopped the "guests" arriving with their luggage from having access. We were happy to throw them out with their bags to the street with no place to stay. A couple of times it was at peak holiday time when there were no hotel rooms left in the city. We also forced the owner to pay all the legal fees we incurred for giving her warnings and notices and we reported her to the city. The owner (a non-resident) finally figured out her strategy wasn't going to work and sold the unit. We were glad to be rid of her and the revolving door of noisy strangers coming into our building (my favorites were the ones who would call down to the doorman to order room service).

Julia, yes craigslist, rent.direct and subletinthecity, nyhabitat (an agency who charges a fee and offers lots of private vacation rentals) and many more offer short term rentals.

drdrd, there are too many listings like that.I'm sure most are not sponsor apartments.

NextEra. wow!
I never said I intended to break any rules, as I clearly stated before I was unaware of these restrictions until recently. Now that I know I only said that I didn't quite understand those restrictions.

But if I was an owner already - in the unlikely event that I felt disturbed by a neighbor's short term renting I would just talk to him about it
and not take actions like you did (throwing renters out on the street who are certainly not aware of renting illegally just like I myself until recently quite honestly didn't even consider a possibility like that).
What you did is a terrible and disgusting thing to do.
I'm fine with having my future NYC apartment sitting empty whenever I'm not there, I will probably just pay more attention to low common charges.
but please tell me where you live. I would never ever want to live in a building with neighbors like you.

Yes, there are lots & lots of such hotel-type rentals; I don't know how the owners do it, legally or not. I'm thinking (hoping?) that NextEra resorted to those tactics as a last resort after other appeals to the owner failed. It is an awful situation to find yourself on the street, out your money & scrambling for a room - I'm sure the unit owner heard strongly from the renters that there was a big problem...and possibly their lawyers, as well.

drdrd, you seem to be a nice person who prefers to search for reasons for other people's hateful actions rather than opposing them.
But could you really ever comprehend someone's pride and joy about successfully throwing innocent people out on the street :
"We were happy to throw them out with their bags to the street with no place to stay. A couple of times it was at peak holiday time when there were no hotel rooms left in the city."(NextEra)
I couldn't.

Renting out a condo for weeks or hours for the lovers are perfectly fine. This is your property, your ultimate sanctuary. Do what you want, don't worry.

inoeverything,

in case you're making fun you made me laugh :-)
in case you're serious and actually know about buildings that are not controlled by control freaks who watch their neighbors all the time and throw their guests out on the street please let me know.
(and just in case anybody's worried about Europeans moving to Manhattan to buy condos to convert them into hotel rooms - that's NOT my intention.
But I would prefer to live among friendly and relaxed rather than bitter and aggressive neighbors.
"restrictive condo boards" and rigorous neighbors...sound very German to me, or Swiss maybe, but not what naive Europeans who love the city consider NYC attitude.)