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FREQUENTLY ASKED QUESTIONS
ANSWERS
(1) What Areas Do You Cover? [top]
It is our policy to take any apartment listing, located within or without the NYC vicinity. Our database reflects whatever the market conditions are at any given time. Listers can list their apartments located in any area, within or outside the US.
However, most of the listings from our database are located in Manhattan, Brooklyn, Queens, Staten Island, Bronx, Long Island, New Jersey. Particularly our sublets are located predominately in Manhattan and Brooklyn.
(2) What Is A Share or Sublease Agreement?
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Based on our extensive experience in the business, we came up with an agreement that helps you avoid most common problems when getting a share or a sublet. In addition to being legally binding, they also provide some precautionary measures, such as getting the prospective new roommates or subleasors committed.
A typical agreement states your rights (of getting your security deposit back at the end of the period, of residing in a given apartment, etc) to a Landlord or City Authority. It also states the time frame required as notice in the event you are being asked to vacate.
(3) How Much Is The Fee? [top]
We have no fee of any kind for renting with us.
(4) What Is A Security Deposit? [top]
A security deposit is an amount of money, usually equal to one month’s rent, to be kept by your new roommate or subleasor until you move out, return your keys and leave the apartment, on the same condition you found it when you moved in. Landlords usually keep the security deposit on escrow account, accumulating an interest due to you at the end of the term.
(5) What Is A Share? [top]
Share is a situation in which you rent certain area of an apartment, usually a bedroom in a two bedroom apartment, with access to a shared living room, kitchen and bathroom. Sometimes it could be half of a loft or one of the floors of a duplex, with your own bathroom.
Rent usually starts in Manhattan at $500.00 per month and up, while in the outer boroughs it could be as low as $300.00 per month. Note: It is our policy to take any share, within any price range, area or period of availability and let you decide which one is appropriate for you.
(6) What Is A Sublet? [top]
Sublet is a situation in which you rent a whole apartment, which could be a studio, one bedroom, loft or any other type, for a certain period of time. A sublet could be for long term, although most sublets are available for a few months. Sometimes there is the possibility to "take over the lease" at the end of the rental period.
Rent usually starts at $900.00 per month and up in Manhattan, while in outer boroughs can be as low as $600.00 per month.
Note: It is our policy to take any sublet, within any price range, area or period of availability and let you decide which one is appropriate for you.
(7) Listing Types [top]
Share
When you rent certain area of an apartment, and the rest of it would be shared with you and/or other mates. Shares can have fixed dates or be indefinitely.
Sublet When you rent a whole apartment, which could be any type, for a certain period of time (including on a daily basis) or indefinitely.
Bed & Breakfast
When you rent a single room in a larger apartment on a daily or weekly basis. It does not require breakfast, although some of them do offer it.
Swap
When you offer your apartment in certain city, in exchange for their apartment in a city of your preference. Swaps could be for short or long term.
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Sublet in the City: FAQ
