"In a condo or co-op building, upfront costs and fees are determined at the building level and they can vary significantly," Romero said.
To compare, for a typical rental building, according to New York state law, the application fee is capped at $20, and the security deposit is limited to one month's rent, Romero said.
Rhode Island has a new state law that prohibits landlords, rental agents and property managers from charging application fees to rental applicants beyond the actual cost of conducting certain background checks if needed.
What to know about renting a condo or co-opTo be sure: condos and co-op properties are primarily targeted to people who want to buy.
If you come across condos or co-ops in your rental search, here are a few things to consider: 1.
Persons:
" Romero, Romero, Frank Dong
Organizations:
Getty, Rhode, Ruby
Locations:
New York, . Wisconsin