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subletting fees for coop

Started by Village
almost 13 years ago
Posts: 240
Member since: Dec 2008
Discussion about
Hi Guys - Does anyone know what the average fee is to sublet your coop (assuming that you are allowed to sublet at all)? I heard it was "$1 a share" - is that usually a one-time fee or monthly? Any insight is appreciated!!
Response by basicinformation
almost 13 years ago
Posts: 82
Member since: Oct 2008

i ve seen 20% penalty on usual maintenance for the first 2 years of sublet... then 22.5% for 2-4y, then 25% for 4-6, then 27.5% for 6-8 and it s capped at 30% for over 8 years

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Response by BigPapi
almost 13 years ago
Posts: 95
Member since: Nov 2012

15% of maintenance first year

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