condo is the way they used for buy/sell/rental.
many coop can't be rented out. some can rent out after 2 years of ownership. some can rent 3 years for every 5 years, or 1year out of every 3..and all coop rwntal needs board approval. and all sales needs board approval..
for condo rules, my understanding is that you can rent out the apartment, or sell the apartment without board approval.
it makes a huge difference in price.
but for exact rules, check your condo/coop document. it's usually a thick booklike. it has every rule there is for your building.
you can request a copy after contract is signed.
many coop can't be rented out. some can rent out after 2 years of ownership. some can rent 3 years for every 5 years, or 1year out of every 3..and all coop rwntal needs board approval. and all sales needs board approval..
for condo rules, my understanding is that you can rent out the apartment, or sell the apartment without board approval.
it makes a huge difference in price.
but for exact rules, check your condo/coop document. it's usually a thick booklike. it has every rule there is for your building.
you can request a copy after contract is signed.