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Posted by Tami on August 31, 1998 at 21:35:33:

In Reply to: Re: Renting apts. in co-ops? posted by Theresa on August 29, 1998 at 10:57:21:

I'm unclear: Are you renting from a building owner or management co. that has unsold apartments on its hands in a co-op building, or are you renting from the owner of a co-op apartment? Either way, you should make sure that you're protected in the event that the apartment gets sold while you're living in it. A friend of mine was going to rent from an co-op apartment owner, but ultimately they were looking for a buyer and wanted to invalidate his lease with only a month's notice in the event that they sold the place while he was living in it. He felt that was too risky. That could be something to look for.

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Comments:
: I'm unclear:  Are you renting from a building owner or management co. that has unsold apartments on its hands in a co-op building, or are you renting from the owner of a co-op apartment?  Either way, you should make sure that you're protected in the event that the apartment gets sold while you're living in it.  A friend of mine was going to rent from an co-op apartment owner, but ultimately they were looking for a buyer and wanted to invalidate his lease with only a month's notice in the event that they sold the place while he was living in it.  He felt that was too risky.  That could be something to look for.


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