Posted by Danielle on May 24, 1999 at 00:19:23:
I searched the board for info about breaking leases and laws of coop buildings, but didn't find anything that answered my questions. So please bear with me...
I am thinking of breaking my lease of an apartment in a coop building, but my apartment is actually a rental unit (the broker had told me that the management company owns 80% of the units, the rest are co-ops, with a co-op board- don't know if this b.s. or not). If my apartment is considered a normal rental unit and not a subletted co-op, am I subject to the normal rent laws? If my apartment is considered a subletted co-op, what laws AM I subject to? There are about 70 units in the building.
I don't want to lose my security fee and I certainly do not want to have to pay the rest of the year's rent (6 months at the time I plan to vacate). If the management company found another tenant seamlessly, would I still be liable for the security and/or the rest of the year's rent?
Also, do you think it's a bad idea to ask the super for advice? For example, if I posed the question hypothetically and asked if he knew if anyone had tried to do this in the past? What about the broker who rented me the apartment? I think he has rented other units in the building.
OK- one more question. I know legally, normal renters are allowed to sublet their apartments even if the lease says they can't (right?). When I met with them to be approved, the coop board said I was not allowed to sublet the place, but I don't think my lease states this. As a renter in the building, even a partly coop building, am I allowed to sublet the place till the end of my lease? I am asking because I might try to do this if it looked like I might lose the security and be liable for the last 6 months of rent?
Thank you so so much!
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