Fee Requirements - Apartment not taken

Hate break it to you, but contractually and ethically you will owe the broker the fee. Lesson learned for next time--if you want to research apartments on your own, don't ask a broker to show you the place first :)

yeah - ethically as well, how would you justify a broker finding you a place that you loved, but not paying him for that service?

one thing i would suggest is speaking with the leasing company to find out if they have other apartments in different buildings that are similar - many companies tend to specialize in one area (location and price) of the market, and they probably have other buildings. On the upper east Bettina is like that - several very similar buildings.

If you signed something ask for a copy. If he can't give you a copy then all is well.. btw, ethincally you owe the broker nothing. They would drop you like stone if someone else came along with the money.

Technically you were very stupid for signing such a doc, and tecnically yes you could owe the broker money. I would risk it anyway, but as others have said, lesson learned.

No no no, the whole thing is so stupid. They made you sign a document because there is no way you would do this normally. Every penny is a waste of money on renting and fees.

I would sue you. I might not win, but I might. I might even tey and block your getting in the building if I was tight with the landlord. And I'll bet the fee quoted to you is less than 15 percent of annual rent. I would have given you you're copy though.

Oh no... Here I was hoping that...

That your impotence drugs might finally work? I've been busy, but it's a holiday weekend dick, so here I am

oh boy, caveat emptor. cycle back in and advise how this netted out.

ask them if they have a similar unit in the building. you'll be off the hook or, as many do, negotiate the fee down.

So jimbob... Which was it?

jim_hones10
11 days ago
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and i'll give you a run down of a couple of problems i have right now splaken:

1. berkshires or zip out to see my brother in boulder co for the 4th of july holiday

2. should we just go for it and make the nanny a full-time live in? it makes sense....

That fee agreement covers the entire building, not just individual units.

Another fourth on the fire escape?

Another fourth on the fire escape?

No racial comment intended by this stalker

Jim bob?

Fast change in the phone booth.

Yes it is, quick move across the Hudson

And you still maintain that you don't have multiple identities?

I do, on one side of the Hudson, Columbia County, on the other side, Greene County. I like arguing with myself.

You're so fucking stupid and single minded that it's not even funny.

Why don't you just admit we're all three the same person and be done with it?

Who am I?

OK dinner time, I'm going to pick up a couple single cheeseburgers, extra pickles, onions and ketchup. No fries.

tell broker you are not willing (as stated upfrontto pay a fee) -- if they can have the management company pay them the fee -- great -- if not -- find another apartment.

AVOID BROKERS AND THEIR FEES - GO DIRECTLY TO THE SOURCE OF YOUR RENTAL NEEDS. BROKERS TEND TO TAKE YOU TO SEE THESE NO-FEE APARTMENTS FIRST AS THEY EARN 100% OF YOUR 15% BROKER'S FEE. HUSH...HUSH... THEY WILL NOT TELL YOU IT'S A NO-FEE RENTAL PROPERTY :( NOR WILL THEY REPRESENT THAT PRIOR TO SEEING THE APARTMENT. SO IF YOU NEED TO RENT, CHECK OUT THE RENTAL PROPERTY MANAGEMENT WEBSITES AND CALL THEM FOR UPDATED LISTINGS. SAVE YOURSELF THAT 15% TO BUY YOURSELF NEW FURNITURE OR HAVE A MOVE-IN WELCOME PARTY FOR FRIENDS AND FAMILY. PLUS FREE RENT IS NOW COMMON -- 1 - 2 months!!!

Excellent “BIG-TIME” Manhattan Rental Property Management:

Rose (www rosenyc com)
Related Rentals (www relatedrentals com)
Equity Residental (www eqr com)
Rockrose Management (www rockrosenyc com) [mostly chelsea, village, financial district, downtown condos]
Sky Management (www skymanagement com)
Glenwood Managment (www glenwoodnyc com)
BLDG Management Co. 115 E 92nd St New York, NY 10128 (212) 722-4931
Brodsky Management, Inc (www brodskyorg com)
Maclowe Management (www macklowe com) [condos below 60th street]
Urban Associates – 400 W 59th St # 3, New York, NY (212) 245-1870

manhattanfox
about 9 months ago
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report abuse ny bits

also -- go to buildings in the hood of your choice and call the posted numbers -- I would NEVER pay a broker fee in this market .. and if they tell you its no fee -- it just means that you gave the free months rent to the broker -- still net money out of your pocket!!!!

reprinted from other posts -- fyi

Your post is very out of date, not the same market is was then (and really not the market you were pretending it was).

jim_hones10 the 1-2 months free is out of date I agree, except for the tons of new buildings.
But lets be honest, if you go to the management companies listed above on your own and without a broker, are you suggesting there's a fee to the tenant at some of these?

What's up with this "No Fee" Apt. with building fees:

http://streeteasy.com/nyc/rental/668101-coop-222-east-35th-street-murray-hill-new-york

I'm preparing to move back to Kips Bay/Murray Hill from Jersey City this fall and am dreading the rental hustle. I'll initially try to avoid brokers entirely. My last apts 10+ years ago were found by "incentivizing" supers. I'm hoping things will be easier this time around.

msoul - it's a coop builing, so it looks like those are the fees imposed by the coop, not by the rental agent.

sory "building"

i would confront the broker about why he told you he was showing you no-fee apts, and then showed you fee apts. kind of misleading on his end.

Screw the broker. He was trying to hustle you by making you pay a fee like that on a no-fee apt. You were more than a bit naive to sign the agreement. But hustle him back and go around him. There is literally no reason for rental brokers to exist so might as well help extinguish the profession.

NYC10013
about 11 hours ago
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report abuse Screw the broker. He was trying to hustle you by making you pay a fee like that on a no-fee apt. You were more than a bit naive to sign the agreement. But hustle him back and go around him. There is literally no reason for rental brokers to exist so might as well help extinguish the profession.

33 comments

Tell us what you do for a living you filthy cocksucker

Another shot.

Shot? Are you talking about the injection / medical type? Or a gun type? Or a chance / opportunity?

Please explain, your comment was ambiguous.

Thank you

Hey guys -it's very simple. If you choose to my services as a broker, I get compensated. I love the comments of each one of these customers who say "I could have gone on my own" BUT YOU DID NOT. It's like going into a restaurant and stiffing the waiter because "Hey I could have cooked this on my own" Bottom line whether the landlord is compensating the broker or you are -either way you have to make the determination BEFORE you start your search. Stop whining about brokers and go and find your own apartment without one. This whining about broker fees AFTER we find you an apartment , AFTER you signed the fee agreement-please grow up.If you don't want to pay me -PLEASE don't call me.I find most of my clients an apartment in about a day.They pay me, they refer people to me and many of them have become friends.They are thrilled with the service I provide and have made a determination that their time is more valuable then the money they would save by going on their own.They like the fact that they can see 6 to 8 apartments that fit their criteria in about 3 hours.They don't work with multiple brokers and they recoginize the value of what I do.So the bottom line-either go on your own OR find a broker who specializes in what your looking for and compensate them once they find you an apartment.

This is a simple one. You signed a contract to pay the broker a fee if you found something through the broker, so morally, you should pay the fee.

But if you want to screw the broker, you probably can. If you really like the apartment and really have no qualms about screwing the broker, sign the lease through the management agent. The broker will find it tough-to-impossible to find a copy of the lease and prove that you live there and sue you. Call the odds 50% or less. And even if they do find out, then there´s the cost of suing you. They may send you a nasty letter, but legal costs ain´t cheap and they would likely settle for something considerably less to avoid these costs.

Your worst case scenario is actually being forced to pay the fee and those odds are small.

I had a situation where my wife looked at an apartment through a broker, signed the open-house form and about 5 months later I bought it through a random set of circumstances, having never saw it through that broker (nor did I consult the wife, which for some reason turned out to be a big marital issue. Lesson learned, large expenses need approval of wife). Because I put the condo in both of our names, the broker found out through public records and sent us a fee request through a lawyer. My reply to their laywer contained far too many f and c words and I dared them to sue me. 5 years on and they still didn´t reply.

Bottom line is they are very unlikely to sue you.

Goldie
9 minutes ago
ignore this person
report abuse This is a simple one. You signed a contract to pay the broker a fee if you found something through the broker, so morally, you should pay the fee.

But if you want to screw the broker, you probably can. If you really like the apartment and really have no qualms about screwing the broker, sign the lease through the management agent. The broker will find it tough-to-impossible to find a copy of the lease and prove that you live there and sue you. Call the odds 50% or less. And even if they do find out, then there´s the cost of suing you. They may send you a nasty letter, but legal costs ain´t cheap and they would likely settle for something considerably less to avoid these costs.

Your worst case scenario is actually being forced to pay the fee and those odds are small.

I had a situation where my wife looked at an apartment through a broker, signed the open-house form and about 5 months later I bought it through a random set of circumstances, having never saw it through that broker (nor did I consult the wife, which for some reason turned out to be a big marital issue. Lesson learned, large expenses need approval of wife). Because I put the condo in both of our names, the broker found out through public records and sent us a fee request through a lawyer. My reply to their laywer contained far too many f and c words and I dared them to sue me. 5 years on and they still didn´t reply.

Bottom line is they are very unlikely to sue you.

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actually, my firm would sue. and it's VERY EASY to find out if that person rented. the landlords would tell us, since we are listing their property for them and marketing them for free in the first place. i know many landlords that wouldn't let someone move in if this was the case if i could prove via email that i had shown someone their property. gererally my understanding is that the person who loses has to pick up the court costs.