condo renting

What the condo and management company are able to charge when subletting are dictated by the condo's management agreement with the company. Lets assume that the 1500 is what would be charged if you moved in and out, even though that seems high. I do not understand the amenity charge if you are stating this is a condo and I will assume you pay all in your common charges. The only way this makes sense is if the condo Board passed a rule stating that tenants would have to pay an additional fee on top of what you pay. Either way the whole thing seems high.

the board is actually try to propose these drastic changes. It makes no sense to me why I should pay for amenities through my common charges and still have my rentee pay amenity charge. 1500 to move into and another 1500 to move out seems very high as well.

Most of the fees go to the condo. The reason I am told is that renters do more wear and tear on the apartments,amenities and the staff than the actual owners living there. I am sure this is true to some point but theses fees seem excessive since much of these costs are paid through the common charges. One Condo wanted to also charge a percent of the gross rent on top of these other charges. That was withdrawn but they than raised the other fees even more. The most objections came from the unit owners that were living there because it affects that value of the apartments.

I am not sure I buy into the argument that renters do more wear and tear outside of the apartment. The apartments are owned by the Owner so the condo should have zero concern over the condition inside, while the owner should make sure they vet their tenant well. AS to amenities, there are a bunch of subletters in my building and I hardly ever see them in the gym when I am there. We are a small building and new so most still know each other. It seems your condo is just attempting to figure out a way to bring in addtional income, while at the same time making it more burdensome on you to rent as you have to now disclose all these additional fees which I assume you will pass along.

It is a tough balancing act because condo's really have zero control over renting as opposed to a coop. The only way to attempt to have control is by creating house rules that need to be followed.

It's BS. But icubook, do you really want to be a single unit landlord? Market is hot. Get rid of the place. Buy a REIT or stocks like Facebook or Bestbuy or Ford or Pandora or Netflix or Yahoo or McKesson that have beat Apple.