I think its insane that tenants are responsible for paying the commission. I wish this section of North Jersey would change its "unwritten" policy of who pays the commission. I've persuaded a few landlords to pay the commission, some being my listings and some were where I represented the buyer. Even if they pay half, its helpful.
I make the two piles too (lol). We normally see the ones where landlord pays and then if we don't find anything, we will look at the others. Again, the tenants are fully aware that these type of listings they would be responsible for paying but I do everything I can on behalf of my clients to negotiate who pays the commission. Seriously on one house rental the rent was on the high end, once you added up all the money the tenant had to pay out for the rental, they ended up having enough money to buy a lower priced home FHA.
Then o.k.. about from Edison down.. it is most common for the landlord to pay the commission.
I only take rental listings where the landlord pays the commission.
We do have a few here that they as the tenant to pay the commission, but again, I make two piles.. one the landlord pays te commission, two the tenant pays commission. We usually throw out the ones where the tenant pays and show the landlord pays pile!
I recommend you reposting your question in New York so perhaps more agents in New York can let you what is customary there.
Contrary to what John states, in North Jersey, where I am, approximately 99% of the time the tenant is responsible for paying the commission not the landlord. Once in a blue moon you will find a landlord willing to pay it or at least pay 1/2 of it. I show both types (landlord/tenant paying) but I do fully explain in detail to tenants that they are responsible for paying the commission on those type of listed properties. They usually opt to see the ones first where the landlord pays them and I agree that's the wise thing to do. It's costly for a renter to have to pay one month's rent; one and one-half month security deposit and broker fee (where I am its equal to one month's rent) so you are in essence back 3 and 1/2 months rent upfront.
If using an agent to find a rental, make sure you fully are explained and understand what you are paying for.
Gina Chirico, Sales Associate
973-575-6353 ext 17 office
In NJ.. it is usually the obligation of the landlord to pay the commission. -or- actually, it works both ways.. but I only show the rentals where the landlord pays the commission.
The ONLY time I really see the landlord pay the fee is on higher end summer/seasonal rentals.