http://streeteasy.com/nyc/talk/discussion/31618-outbid-after-application-process en-us 40 Most recent comments for outbid after application process <p>In sales, nothing is firm until a contract is signed. <br />I don't know about rentals but it could be the same -- nothing firm until lease is signed.</p> http://streeteasy.com/nyc/talk/discussion/31618-outbid-after-application-process?comment_id=477147 http://streeteasy.com/nyc/talk/discussion/31618-outbid-after-application-process?comment_id=477147 <p>My roommates and I submitted an application, application fees and security deposit at the full asking price for an apartment for rent.</p> <p>About 5 days later, the broker calls to let us know that the owner/landlord received a higher (more than the asking as we offered full asking) offer for the apartment and a deposit as well.</p> <p>We now had to "outbid" the second offer by $100 to get the aparment, which we eventually did.</p> <p>I was just curious if this was legal, standard or if we were just played to get a higher rent. Can a broker say that you have to pay more even though you are fully qualified (he ran the app), already had the app and security deposit, because of a higher offer?</p> http://streeteasy.com/nyc/talk/discussion/31618-outbid-after-application-process?comment_id=476978 http://streeteasy.com/nyc/talk/discussion/31618-outbid-after-application-process?comment_id=476978