Planning to relocate from upper west side to Chelsea (coop). Anyone has any experience while renting with a coop? The coop board rule says there is a max limit of 2 years.

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I like the studio a lot and will also be paying a broker fee. Do you think it’s worth it? Any suggestions or pitfalls I should be aware of? Thanks fam 🙏

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Co-ops, especially in Manhattan, have a lot of hidden fees - make sure there aren’t surprise fees that aren’t included in the rent.

You’ll have to deal with the interview process/co-op board and there may also be some weird building rules that you have to follow.

As with any rental in NYC, read the fine print.

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That’s A1. Ive asked the broker on insurance, 2 year limit and other fees right away. Love the studio but am kinda hesitant to make the move for princely the reason you’ve mentioned.

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I only have experience buying (not renting) a co-op unit, but my understanding was that hidden fees are for the buyer, not a renter. Interviews would also usually be for the buyer. I would check with the person who listed the unit if those things apply to you, as a prospective renter.

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Ended up renting in a coop building in lower manhattan. Broker fee was standard but the application process took nearly a month and was significantly more thorough than an apartment building.

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