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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!

Danielle

Follow Ups:

• Re: Breaking lease in a coop/rental building Anna 6/01/99 (0)

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Comments:
: 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!

: Danielle


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