Skip Navigation

Condo Rental

Started by tominoka
about 13 years ago
Posts: 3
Member since: Feb 2010
Discussion about
Condo management companies impose huge fees for new tenants. Considering the tenant also has to pay a broker fee and security deposit, it's a huge amount of money for them to pay up front. Does anyone know if the owner is legally obligated to rent through the management company?
Response by NWT
about 13 years ago
Posts: 6643
Member since: Sep 2008

There's nobody other than the managing agent to do the paperwork, but you can always try getting yourself out and the tenant in without the managing agent throwing a wrench in the works.

Here're some standard leasing requirements: http://www.ellimanpm.com/uncimages/1642/sublet/245%2010th%20Avenue%20-%20Lease%20Requirements%20-%20cover%20page.pdf

Ignored comment. Unhide
Response by cdrm1980
about 13 years ago
Posts: 88
Member since: May 2012

I would start with reviewing the house bylaws and/or offering plan. They should address whether a unit owner is obligated to rent their unit through the management company.

Ignored comment. Unhide
Response by renterjoey
about 13 years ago
Posts: 351
Member since: Oct 2011

An owner can certainly rent an apt directly to a tenant without using a RE broker. I would think in mostly all situations the condo has to be notified you are renting your unit. I believe they have the right of first refusal.

Not sure you meant to say rent through a management company. I think you really wanted to know if the tenant's application needs to processed through the management company. I believe so for how else would they be given the opportunity to tack on all kinds of fees to you and your new tenant.

Ignored comment. Unhide

Add Your Comment