Instead of leasing properties and then subletting them, Common acts as a property-management company.
He does the same with one-bed flats, subletting them as two rooms with a shared kitchen.
In addition, he said, homeowners unable to sell their condos have been subletting them, particularly in Battery Park City, a move that could lower the owner-occupied ratio below the agency minimum.
Berenson claimed she was innocent: she had known the people by different names, she said, had no idea they were M.R.T.A. members and had never visited the top two floors of the house after subletting them for what she thought was going to be a school.
Later renamed IXC, it veered into the wholesale fiber business in the early 1990s, leasing lines from big carriers and subletting them at a 20%-plus profit to upstarts in the market for long distance phone service.
It turns out that the farm has been sublet to them by a real estate agent named Denise, who was known as "Denise the piece" when Tenkiller had a high school crush on her.
All units are "communal property," and the people who live in them cannot sell, rent, sublet or divide them.
The name of the supposed leaseholder was Raymond Kelly, who the occupants claimed had sublet the building to them.
"Subletting would allow them to continue owning until prices go back up and the market is stabilized," he said.
