4 ms·
That broker's fee that renters (not owners) pay is brutal. Do many other areas in the US have this or is it unique to New England?
by hnburnsy 3y ago
That broker's fee that renters (not owners) pay is brutal. Do many other areas in the US have this or is it unique to New England?
- nocoiner 3y agoIt was a thing in NYC last time I rented an apartment there, though that was 15+ years ago. But, it was deeply ingrained enough at that time I can’t imagine it went away, unless it was legislated out of existence.
- quequeque 3y agotypical brokers fees in nyc are usually somewhere between 1 month's rent and 15% of annual rent (1.8 months rent)
- nocoiner 3y agoYup, that’s consistent with what I remember from back then. I remember having to give my new landlord a check for six or eight grand when I picked up the keys. Sounds about right for first + last + deposit + 1 mo broker’s fee.