Author Topic: Washington Plaza  (Read 121663 times)

Offline Lilybell

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Re: Washington Plaza
« Reply #810 on: February 25, 2019, 02:26:44 PM »
Yeah, C24 was one of the first buyers, if I recall correctly (before me, and I think I was the 10th). So they have already had the apartment long enough to sublet.

Offline BEB

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Re: Washington Plaza
« Reply #811 on: March 03, 2019, 07:26:11 AM »
As a non-WP resident, I'm curious about how long a shareholder can sublet their apartment. Also which is it, sublet after two or three years?

Offline 7

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Re: Washington Plaza
« Reply #812 on: March 10, 2019, 02:18:39 PM »
As a non-WP resident, I'm curious about how long a shareholder can sublet their apartment. Also which is it, sublet after two or three years?

Things may have changed since I read about this, but:

* Subletting is not a guaranteed right (subject to board approval, and the board is currently controlled by the sponsor, not by residents)

* If approved, you can sublet for up to 4 years (lifetime maximum) after 1 year of residence, but your maintenance will increase by 10% while subletting. Since the maintenance is already high, this could be a $100-$200 increase in your monthly maintenance.

Jackson Heights Life

Re: Washington Plaza
« Reply #812 on: March 10, 2019, 02:18:39 PM »