Do NYC Condos Have Subletting Restrictions?
Nick at Hauseit (https://www.hauseit.com) reveals whether condo buildings in NYC have subletting restrictions. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/
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Subletting restrictions for NYC condos varies by building. Some condo buildings may enforce a minimum 30-day term for any lease in order to deter people from engaging in Airbnb type activity.
In rare instances a condo may stipulate a minimum one year term, but this is much less common. Many buildings don't like Airbnb, and if they don't like it they will put some sort of rule in place to discourage you from doing Airbnb.
In general, if you have a condo in NYC you are essentially free to rent it out as long as you follow the procedure outlined in the bylaws with respect to seeking the waiver of the right of first refusal: https://www.hauseit.com/how-does-a-right-of-first-refusal-work-nyc/
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/
Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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