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Rental Basics in 10014 : Real Estate Advice

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  • Local Info4
  • Home Buying15
  • Home Selling4
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Activity 105
Fri Sep 24, 2010
Jenet Levy answered:
It is customary that the renter pays 15% of the first year's rent. That gets split between the two brokerages. If there is a concession being offered, such as the landlord contributes to the fee, the fee is reduced by that much. Sometimes one month OP is offered, which means you are allowed either one month free, or the ability to apply that toward the brokerage fee.
Some people are going to go ballistic below citing laws on price fixing. There is no price fixing. This is simply what is customary.
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Fri Sep 24, 2010
Jenet Levy answered:
The customary rental fee in NYC is 15% of the first year's rent, paid by the renter.
0 votes 9 answers Share Flag
Wed Jan 16, 2013
Mevelin Camacho answered:
A month ago I would told you to keep looking, but now in this market: keep your options open and look at both.
Give me a call so we can further discuss your situation.

917 710 3542
0 votes 11 answers Share Flag
Mon Jul 12, 2010
Anna M Brocco answered:
Not knowing all the details--generally if an apartment is being advertised as $1500--that is and should be the asking price--are there other offer in the mix I wonder, and is that why the agent advising to go over asking price, etc. Trust your gut, if you feel it is bait and switch, move on. ... more
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Wed Aug 4, 2010
Teddy Jagessar answered:
This is a tough one as you did not mention what is the content of the paper you signed that the agent presented you with, Barring that if you were shown the apt by the management company prior to the agent showing it to you then you are not at fault expect you should have told the agent you already saw that apt., different states havedifferent laws on rentals ... more
0 votes 14 answers Share Flag
Tue Mar 1, 2011
Philip McCollum answered:
You have asked a yes/no question with no specifics. You will need to restate your question to get the information you really want.

Phil McCollum
BRC Realty Group
0 votes 4 answers Share Flag
Wed Feb 9, 2011
Cathy Cataletto answered:
It is my understanding that a legal kitchen must have a stove and sink. size of refrid i do believe is not of importance.
0 votes 4 answers Share Flag
Tue Jan 5, 2010
Francisca M. Tayag answered:
I believe it is legal because you are or will be violating the terms of your lease. In a few cases, some landlords empathize in situations like yours because current tenants offer to find their replacement before they can leave. If it works, you maybe off the hook.

Francisca M.Tayag
FMT International Properties,LLC
(917)498-3428
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Sat Aug 29, 2009
Joseph Runfola answered:
Hello Sheila, it is the preliminary offering plan for a cooperative or condominium project submitted to the attorney general, and to tenants and is subject to change.
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Fri Aug 21, 2009
First Last answered:
So, the owner said he would waive the broker's fee, but he still expects the broker to do all the work necessary to get you into the apartment? In fact--he requires it.

Does that mean a board package in this case, which can take many hours to prepare? Not to mention the time it took to put the apartment on the web so you could find it in the first place?

If so, no broker's fee--does that sound fair to you? I hope you don't need any maintenance on the apartment while you're living there, with a landlord like that--unless he is planning to pay the broker's fee for you (which is entirely possible). If he plans on paying the broker's fee, then that's fine, that may be his intention.

You should discuss your concern with the broker, tell her what happened. She should go back to the owner for a little chat to get things straightened out. If you have to pay, and you may not if the owner pays, then you should work out a compromise on the fee.

The broker is entitled to a fee from someone. However, please note that some unethical brokers collect a fee from the owner AND a fee from the tenant. Not at my company, but I hear this is happening. Since you know how to reach the owner directly, you can always check on this.

Hope it all works out nicely!
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Sat Aug 15, 2009
MAP1922 answered:
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Thu Aug 20, 2009
Padre Elite Team answered:
I sell real estate in South Padre Island, TX and none of the condominium buildings require that you be approved by the board to move in. However, I suppose that if their condo declaration said you had to be approved then I suppose you would. That would be pretty rare. Ask you Realtor if you have a specific building you like if she knows. Although boring, it is a great idea to read those condo decs before you buy. ... more
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Thu Aug 20, 2009
Alen Moshkovich answered:
Because this is a legal matter this question should be directed at an Attorney.
0 votes 2 answers Share Flag
Thu Aug 13, 2009
Sfordpi asked:
my mother gave me a co-op which my brother sublet for many years before moving, no sublet fee was ever imposed. I took possession in 2007 and expended a good amount of money to renovate...
0 votes 1 answer Share Flag
Thu Aug 20, 2009
Weichert Realtors House and Home answered:
Hi Sandra,

Unless they own it the short answer is no. I think that was my shortest answer yet on TRULIA.

If you have further questions feel free to contact me.

JOE GREENE
Broker/Owner
WEICHERT, REALTORS - House & Home
(917) 974-2600 (Cell)
joegreene@weichert.com
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Sat Jun 13, 2009
Alen Moshkovich answered:
HI Zeina,

Let me go over the facts....
Your broker should have informed if you would or would not need to pay a fee in advance. He should have mentioned if you are seeing No Fee apartments, where his fee is covered by the landlord/leasing office or if he's taking you to see apartments where a fee is involved. If, in fact a fee is involved, he should have disclosed that fee before taking you to see that apartment to make sure about you being comfortable with paying one.
Your broker whoever he, also should have confirmed with the building if what he was about to show is AVAILABLE or NO LONGER AVAILABLE. Not take you first and then when you fall in love, he decides to check. Maybe he likes doing things in reverse?
If he was doing his job correctly, under the assumption this apartment is no longer available, he should have offered to show you other places, or you could have demanded it. I don't blame you for not doing so; he's not someone you want to continue working with.

Go ahead, sign the lease. Like you said, the matter is closed; he confirmed that this apartment was not available.

As for legalities, the only thing I can see happening here is if he somehow registered your name at the building as his client. I wouldn't be surprised if he didn't do that.
Ask the managing or the leasing agent in the building, and tell them exactly what happened that he misrepresented this apartment as being off market when it's actually on the market.


Enjoy your new pad.

~Alen
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0 votes 3 answers Share Flag
Tue May 12, 2009
Yocari Lara answered:
That is not an easy situtation you're in CW5. I'm sorry you're going through this and are now in the middle of it.

The main thing I'd look at is to see where in the forclosure process (s)he is and make your decision based on that (your county clerk's office has that info it is scheduled to be auctioned off.) Also, start looking for your next home and be prepared with that as well. Unfortunately, your $4,000 deposit seems to be in jeopardy.

Lastly, if it does reach forclosure, speak to the new owner about a new lease. Becuase their cost here is probably less than your current owner, you may be able to pay less rent. So it may be a blessing in disguise if this last option pans out for you.

Good luck either way,
Yocari
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Sun Apr 5, 2009
Me asked:
owners) agree to reglaze the bathtub and the kitchen sink, not knowing what this meant we asked the broker, he assured us it meant covering up the discoloration around the drain, so we ...
0 votes 1 answer Share Flag
Mon Nov 5, 2012
Aileen-Manhattan-NYC answered:
If she wanted to live by herself, I would think her only option is to pre-pay all or a very substantial portion of her rent and her security deposit. Her other obvious option is to share an apartment until she establishes her own credit history. ... more
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