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Renting apts. in co-ops?

Posted by Mary on August 28, 1998 at 00:28:45:

Does anyone have any information on the pros/cons of renting in a co-op?
I am considering renting an apartment in a co-op for a year-long lease. The apartment is not rent-stabilized, but I don't plan on renewing/staying beyond the term of the lease. I know that subletting is next to impossible in co-ops, and that the application process can take a while--what other disadvantages are there? Any information would be great.

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