Leasing service for owners
Leasing Your NYC Condo, From Pricing to Keys
One person accountable for pricing, marketing, showings, the application and the building’s approval, working for you as the owner.
Who this service is for
Owners of condos in Manhattan and prime Brooklyn who want to rent out their apartment, unfurnished or furnished, for a lease of a year or more, and who want an agent on their side rather than a listing that simply goes online. It also suits owners who live abroad or in another city, and owners who have not yet decided between renting and selling.
There is no minimum rent, but the work described here is built for well-kept apartments where presentation, pricing and the building process make a real difference to the result.
What the assignment includes
1. A rent you can defend
Raphael compares your apartment with recent leases and current listings in the same building or comparable buildings: line, floor, exposure, layout, condition, outdoor space, amenities and furnishing. You receive a range, the reasoning behind it and a recommendation on the asking rent and on concessions you may or may not want to offer. How NYC rents are set
2. Building rules checked first
Before anything is published, the condo’s leasing rules are confirmed with you and the managing agent: minimum lease term, application form and fees, the board’s right of first refusal and how it is waived, move-in rules and insurance requirements. This avoids accepting an offer the building cannot approve on your timeline. What to check in a condo or a co-op
3. Preparation and presentation
A short list of what is worth doing before photos: repairs, paint, lighting, furniture edits. Then photography and a listing that states, as the law requires, any fee the tenant will have to pay. Fee disclosure under the FARE Act
4. Showings and feedback
Raphael coordinates showings, including in occupied apartments where the current tenant’s rights and schedule must be respected, and reports back on interest and objections. Leasing an occupied apartment
5. Applications and negotiation
Applications are reviewed within the limits of New York State and City law on fees, deposits, income and criminal history. You decide which applicant to accept; Raphael negotiates rent, term, start date and conditions with the applicant or their agent. How applications work in NYC
6. Building approval, lease and move-in
Raphael assembles the condo’s application package, follows it with the managing agent and the board, coordinates the lease signing and the required notices, and books the move-in with the building. The board package and move-in
Not included by default: collecting rent, handling repairs, accounting and renewals after move-in. These are a separate conversation, so you can decide whether to handle them yourself, rely on a friend or family member, or hire a property manager. Who does what after signing
How fees work
When you hire Raphael to lease your apartment, his brokerage fee is paid by you as the owner, as required by the FARE Act since June 11, 2025. The amount, the scope of the assignment and its duration are agreed in a written listing agreement with The Corcoran Group before marketing begins. The building may also charge its own application, processing or move-in fees; who pays them depends on the building and on your agreement, and any fee the tenant must pay is disclosed in the listing.
Co-ops, townhouses and furnished rentals
Co-op owners can usually sublet only within the limits set by the proprietary lease and the board, which often include an approval interview, a sublet fee and a cap on how long the apartment can be sublet. Furnished rentals must still respect the 30-day minimum and the building’s own minimum term. Furnished or unfurnished