Rental Basics in Chicago>Question Details

Aieshamarie84, Renter in

I found a great place in South Shore,however,there's a move-in fee of $875 which is equal to a month's rent. Does this move-in fee sound appropriate?

Asked by Aieshamarie84, Thu Oct 25, 2012

Help the community by answering this question:

Answers

12
Rusty Payton’s answer
That certainly sounds high. Typical move-in or administrative fees are in the $250-$500 range. Many landlords in Chicago have been moving away from security deposite (because of the potential liabilities imposed by the Chicago Landlord Tenant Ordinance) and have instead started charging nn-refundable fees. Your situation sounds like a landlord that is trying to recoup more than the market demands. My advice would be to shop around. There are many great properties that have substantially lower fees.


Rusty A. Payton, Broker
iMove Chicago
5650 N Broadway
Chicago, Illinois 60660

773-961-8819 [Office]
773-289-0806 [Fax]
773-682-5210 [Mobile]

e. payton@iMoveChicago.com


http://www.iMoveChicago.com

blog: iMoveBlog.com
1 vote Thank Flag Link Sat Oct 27, 2012
that move-in fee could be fine depending on if it is being put on by a condo or homeowners association.
1 vote Thank Flag Link Thu Oct 25, 2012
That sound pretty steep for a move-in fee and most move in fees are non-refundable. Ask the owner is this a security deposit.

I work with a couple of properties in the south shore area who offer move-in fees as low as $250. If you are interested, contact me.

Jamye Paul
Kale Realty
773-598-9309
1 vote Thank Flag Link Thu Oct 25, 2012
875 is high, is it for move in AND out, if so, then no it does not.
1 vote Thank Flag Link Thu Oct 25, 2012
Hi Matt, its only a move in fee
Flag Thu Oct 25, 2012
Of the stuff we own and operate in the neighborhood we ask for a $500 non-refundable move-in fee in lieu of security deposit pending the exact rental situation. See if the landlord will negotiate.

Erik Sachs
RpV Realty LLC
Email esachs@rpvinc.com
Cell 773/368-5515
1 vote Thank Flag Link Thu Oct 25, 2012
Negotiate with them and if they do not budge either pay it or find another place.
1 vote Thank Flag Link Thu Oct 25, 2012
It sounds like this is a privately owned condo and the owners are trying to protect themselves with a fee versus deposit. Chances are, there is also a fee that the owners must pay to the management company or condo association. It adds up. Sorry...
1 vote Thank Flag Link Thu Oct 25, 2012
That is completely out of line with 98% of other condo buildings. Buildings with high fees do so either in an attempt to limit the # of rentals in the building and/or because they need the $$$. It, like everything, is negotiable. You can ask the owner/landlord to pay half of it or keep looking. I would think the landlord would agree because all tenants would have the same concern.
1 vote Thank Flag Link Thu Oct 25, 2012
Since the recent change in Illinois tenant rights many owners have decided to opt out of the "security deposit" option and use a aone time non refundable "move-in-fee". It's perfectly legal and its up to the discretion of the owner. Good luck
1 vote Thank Flag Link Thu Oct 25, 2012
These fees are related to what the market will bear. Accept it and move it because it is where you want to be, or look elsewhere.
0 votes Thank Flag Link Tue Oct 30, 2012
Hello,

Whereas it sounds high you should determine if that is the upfront cost for the move IN AND move OUT. Also, does that include the elevator deposit and how much of it is refundable vs non.

Good luck!
0 votes Thank Flag Link Mon Oct 29, 2012
yep..take it and move on..its the same everywhere
0 votes Thank Flag Link Thu Oct 25, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer