Rentals in Jersey City>Question Details

Tricia, Home Buyer in Jersey City, NJ

Having an apartment for rental in Jersey City, who should pay the commission to the Realtor, tenants or landlord?

Asked by Tricia, Jersey City, NJ Fri Apr 1, 2011

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There is no rule for determining the responsibility of Brokerage Fees on a rental. It is based upon the market conditions and how approproately proced the property is. Right now the majority of property in Downtown Jersey City are having the Tenant pay the fee. I just rented several in the Grove Street neighborhood and the Tenants paid the standard one month fee.

Adam Bickoff
Senior Vice President
Business Development
BrianDavid, Realtors®
2008, 2009, & 2010 NJAR® Circle of Excellence
O: 201.984.4244 | C: 201.232.5807 | F: 877.592.1364
Adam@BrianDavidRealtors.com
http://www.CommuteHomes.com
http://www.BrianDavidRealtors.com
0 votes Thank Flag Link Mon Apr 4, 2011
I have rental units in Jersey City. Usually the tenants pay the fee. Sometimes I pay the fee if the rental market is slow or if I want to rent an apartment super quick and/or I'd rather get top dollar for the apartment and the tenant doesn't mind paying full price but they just don't want to lay out that much cash.

A compromise would be to split the fee, which I've also done. A really good rental agent will be able to help you navigate this.

In NJ, there is no "law" or rule on who pays.

Ruth Bonapace
Bank of America Home Loans
201 741 5269
0 votes Thank Flag Link Sat Apr 2, 2011
Hello, Tricia!
It is all negotiable: commission rate and who pays it.
Web Reference: http://YelenaTsuladze.com
0 votes Thank Flag Link Sat Apr 2, 2011
If they are charged for realty commision Im pretty sure it has to come out of the first months rent, meaning the landlord is paying it, like a finders fee, which is really what it is.
Web Reference: http://www.sjrates.com
0 votes Thank Flag Link Sat Apr 2, 2011
As long as the listing agreement stated who will pay the commission that should be no issue accordingly. the new tenant can be chared for realty. Comission.
0 votes Thank Flag Link Sat Apr 2, 2011
I dont think you can charge the tennants the commision, your best best is to look into the nj tennant landlord law, or the nj truh in renting handbook.
Web Reference: http://www.sjrates.com
0 votes Thank Flag Link Sat Apr 2, 2011
In Northeast OH, the landlord traditionally pays the Realtor's comission.
0 votes Thank Flag Link Sat Apr 2, 2011
Hi Tricia ,

in regards to you question for me. The answer is Yes.
0 votes Thank Flag Link Sat Apr 2, 2011
Hi Tricia, While you can opt not to pay the fee to the Realtor, it will diminish the amount of prime potential tenants that will view you apartment. Realtors typically do the background checks upfront and are bringing you qualfied candidates. I am also a Landlord and I have always found it to my advantage to pay a Realtor and get the job of renting my apartments done. Consider that if you miss just one month of rent from lack of prospective tenants, you are already behind. I hope this gives you additional insight. Good Luck!
Web Reference: http://www.hudsongold.com
0 votes Thank Flag Link Sat Apr 2, 2011
Thanks for your response, Sam. However, can I, as the landlord, have an agreement with the realtor that the tenants should pay the fee/commission he/she charges in full?
0 votes Thank Flag Link Sat Apr 2, 2011
There is no rule in that matter, However a big percentage of homeowners don't by for the realty fee ( commission), It is usually and most of the time comes from the tenants.if you need more assistant please feel free to call or email.My office in Jersey City Downtown.

Sam Nashed
Realtor
America's Elite Real Estate
office: 201--432-1600
Cell: 201-759-4337
Email:nashed.sam@gmail.com
0 votes Thank Flag Link Sat Apr 2, 2011
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