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Sublease of coop owner

Posted by Alex on September 06, 2001 at 17:16:20:

I was offered an apartement in Riverdale (Bronx) in coop building. Owners told me that I will not get board appoval (I'm less than 1 year in the country and have few months credit history) so they propose just to sign a sublease agreement (with a 2-month security deposit). Actually I suspect that this is just a trick to avoid paying taxes and, besides, this sublease agreement means nothing - I can be thrown out of paratment easily (as far as I know the only way to sublease an apartement in coop is to be approved by board).

Am I right?

Thank you!

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