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RENTING in Co-Op Bldg--ADVICE PLEASE!

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RENTING in Co-Op Bldg--ADVICE PLEASE!

Postby flappergirl » Fri May 09, 2003 1:53 pm

Hi!
My husband and I have been apt. hunting for a few months and finally found a place we LOVE! Here is the deal:

It is a 2-bedroom RENTAL in a co-op building owned by the developers. Some of the units are not sold, so the developer is renting them out with options to buy in the future. Here is my question:

Is this a secure situation for us? I have only dealt with management companies. But this is not an owner nor a management company--it's the developer. Are they looking to sell this place but just get some short-term rent in the meantime? What are our chances of getting evicted? Is it unwise for s to move into this place? The broker said we get the luxuries of living in a co-op bldg. without having to deal with the hassles of the board.
What are your thoughts? We want to move into an apt. that we can stay in for a long time and feel secure. I don't know yet if they are going to offer us a one or 2 year lease. How important is a 2-yr. lease offering?

Opinions from the wise and experienced requested please! THANKS!
flappergirl
 
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