Skip Navigation
StreetEasy Logo

Broker's Fee on Re-rental

Started by billshiers
over 13 years ago
Posts: 77
Member since: Aug 2007
Discussion about
I rent an apartment from the owner in a condominium. The broker used by the owner in connection with the initial rental serves as property manager for the apartment. The initial lease is set to expire and we are set to enter into a new lease. I have conducted discussions in connection with the new lease through the property manager, though in sum that has consisted of approximately 6 total emails of a few sentences each. The property manager is now asking that we pay her a fee for re-renting the apartment (a not insubstantial fee). This strikes me as absurd and atypical, but I wanted to get a consensus opinion before I flipped out. Thoughts?
Response by angeloz
over 13 years ago
Posts: 209
Member since: Apr 2009

let me get this straight, she wants to charge you a broker commission for an apartment you already live in? Did you pay a broker fee when you moved in originally?

Ignored comment. Unhide
Response by billshiers
over 13 years ago
Posts: 77
Member since: Aug 2007

Yes and yes. Hence my inclination to flip out. But I wanted to make sure I was 100% in the right before I did.

Ignored comment. Unhide
Response by marco_m
over 13 years ago
Posts: 2481
Member since: Dec 2008

I think a simple No would do.

Ignored comment. Unhide
Response by MR17_5
over 13 years ago
Posts: 72
Member since: Feb 2011

have the owner pay

Ignored comment. Unhide
Response by E24
over 13 years ago
Posts: 46
Member since: Oct 2011

Never pay a broker fee to renew your lease.

Ignored comment. Unhide
Response by angeloz
over 13 years ago
Posts: 209
Member since: Apr 2009

she is smoking....I would tell her to beat it or you will call the Department of State and the BBB on her company. That will get her running like the roach she is.... Broker fees are a one time fee, and since you already paid a broker, there is no "Broker" fee due to renew your lease. Perhaps she is trying to shape it as a management fee, maybe your building instituted a annual management fee? which i never heard of. Sounds like someone is trying to pull a fast one...

Ignored comment. Unhide
Response by Truth
over 13 years ago
Posts: 5641
Member since: Dec 2009

the owner should pay.
That service was being performed for the owner, not you billshiers.

Ignored comment. Unhide
Response by Truth
over 13 years ago
Posts: 5641
Member since: Dec 2009

Don't be surprised to find out that the owner didn't know that the property manager was attempting to charge you.

Ignored comment. Unhide
Response by charlarA
over 13 years ago
Posts: 4
Member since: Jan 2009

That is quite absurd. Some management companies charge a lease renewal fee but, it is only a couple hundred dollars. I've had clients renew leases and most never incurred such a fee.

Ignored comment. Unhide
Response by Truth
over 13 years ago
Posts: 5641
Member since: Dec 2009

so the owner should pay. You don't own the apt.

Ignored comment. Unhide
Response by Goldie
over 13 years ago
Posts: 182
Member since: Apr 2007

Why don't you send that broker a bill for your fee for re-signing the lease. Make your fee double the broker fee, but grant her credit for her fee and ask that she only pay the difference. Then post her name and e-mail on this board so all the Streateasy commenters can send her their bills for providing advice about her bill. This would be about as legitimate as her original bill.

Ignored comment. Unhide
Response by 300_mercer
over 13 years ago
Posts: 10539
Member since: Feb 2007

just email the owner with your offer and cut the agent out.

Ignored comment. Unhide
Response by bramstar
over 13 years ago
Posts: 1909
Member since: May 2008

Report her to REBNY. Her demand is a load of crap and most certainly not kosher.

Ignored comment. Unhide
Response by ManhattanBradNY
over 13 years ago
Posts: 37
Member since: Aug 2008

Ask her where in the lease it points to a fee if you renew? .....absurd.

Ignored comment. Unhide
Response by jacobst
over 13 years ago
Posts: 7
Member since: Nov 2008

absolutely not

Ignored comment. Unhide
Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

Did this broker get your permission to show you the apartment while you, the tenant, were living there? If not, I would complain to the landlord that you are going to call 311 for not getting your permission to see the apartment.

Also, were you perhaps in the apartment while the broker was negotiating the new renewal lease with you? The broker should have given you minimum 24 hours notice so you could have not been home, before having a discussion with you about the renewal.

All in, these violations, I'd ask for a reduction in rent because they seriously inconvenienced you the current tenant in favor of you the renewal tenant, even though you as the renewal tenant don't yet live there.

Oh, seriously, look into changing the locks.

Ignored comment. Unhide
Response by jim_hones10
over 13 years ago
Posts: 3413
Member since: Jan 2010

Branstad, what exactly would rebny do here?

Ignored comment. Unhide
Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

Jim, don't you think in this circumstance that you can acknowledge the bad apple?

Ignored comment. Unhide
Response by billshiers
over 13 years ago
Posts: 77
Member since: Aug 2007

Thanks to all for your responses.

Ignored comment. Unhide
Response by Rahel
over 13 years ago
Posts: 13
Member since: Jul 2011

Unless you had an agreement that you would pay for renewals, it would not be fair. Most of clients who renew don't pay me anything. I actually assist some of them with co-op process of renewing at no fee. Speak to your broker and let them know that there was no agreement for renewal fees. Some brokers are upfront about renewal fees and they
will charge a small fee. It will be clearly stated when they first find you a place.

Ignored comment. Unhide
Response by star
over 13 years ago
Posts: 1
Member since: Jun 2008

I never heard of any broker charging a broker's fee for a renewal. Unless you agreed to it in writing --- do NOT pay.

Ignored comment. Unhide
Response by hoodia
over 13 years ago
Posts: 154
Member since: Jun 2009

No way!

Ignored comment. Unhide
Response by lemony
over 13 years ago
Posts: 46
Member since: Mar 2008

so shady. I would contact the owner directly!

Ignored comment. Unhide
Response by jim_hones10
over 13 years ago
Posts: 3413
Member since: Jan 2010
Ignored comment. Unhide

Add Your Comment