First time renting in a long time....

What they do in these new buildings is get you in and once you are all comfy, they jack the rent and charge you for the amenity fees. What I would do is take the actual monthly rent and then add %10-15. That is what I would guess your rent will look like in a year! So obvious is being able to negotiate any caps on future increases.

Depending on building, try everything (without risking losing the unit if you love it).

Rent, length of lease, waiving amenity fees - know you uncle point and just go for it. If you don't use a broker, make sure you use that to you advantage.

Ottawanyc is correct - I have several friends in that situation, so make you deal before getting in.

'They F YOU at the drive-thru, okay? They F YOU at the drive-thru! They know you're gonna be miles away before you find out you got f-ed! They know you're not gonna turn around and go back, they don't care. So who gets f-ed? Ol' Leo Getz! Okay, sure! I don't give a f! I'm not eating this tuna, okay? "

vslse65
13 minutes ago
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Member since: Feb 2011
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Depending on building, try everything (without risking losing the unit if you love it).

Rent, length of lease, waiving amenity fees - know you uncle point and just go for it. If you don't use a broker, make sure you use that to you advantage.

Ottawanyc is correct - I have several friends in that situation, so make you deal before getting in.

this is why it is better to pay a broker to get into a building where the increases will be reasonable. but keep deluding yourselves.

dont use a broker--they work for the building owner--best to deal directly with owner or his delegated employee and get straight answers, unfiltered bu broker

broker impresses owner with how he can get you to submit to as thorough a fuckjob as possible--net, broker receives higher commission, and earns loyalty of owner, who controls whether broker can do work or not.

yo hones--who you work for? the owner, or the scum youre showing apts to?

tell it like you always have.

Rent now or own forever!

You will have more leverage if you for a 2 year lease. In which case they might give you flat rent year two, and/or an extra free month. Regardless, the most I think you could expect is the maximum percent your second (or third) year will be. After that, sky is the limit, and many LLs will jack it up 10% or more, its true. ON TOP of no free month, I mean. So effectively a 20% increase.

I got 1 month on a 13 month or 3 months on a 26, for example, flat rent for all 26 months and maximum 5% increase year three when I moved into a brand new building. But from this point forward, they could do whatever they wanted.

yikes
about 1 hour ago
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yo hones--who you work for? the owner, or the scum youre showing apts to?

tell it like you always have.

hey you cocksucker piece of shit, did i offer my service? i did not. in any case, whom the agent represents has to be disclosed, by law.

i find it highly ironic that a number of posters here complain on one hand about the fact that rents jump too high in buildings that offer concessions (duh, of course they do!) but don't want to use an agent to help them find a place with a lower monthly. smart folks.

Jim you are selling a myth once again.

Jimmy the Scumlord doesn't want people to know that: the more the searching renter gets fucked, the more he makes! Just like all shady brokers like him, he tries to mislead to get his way. What's wrong Jimmyboy? Upset that you haven't found any sheep to fleece into your crap studio bushwick rentals lately?

Unless this is a rent stabilized apartment - and there are some new buildings that have traded tax abatements for voluntary rent-stabilization- rent is always negotiable. It may not be now, when you sign the initial lease, as the market in rentals is very tight, but when you receive your renewal, you should always try to negotiate. You have nothing to lose if you handle it promptly upon receiving your renewal. In fact, if they say no the first time, wait a couple of days and try a second time.

As far as leases go, read them, but most are just versions of either the Bloomberg lease or the REBNY lease with riders added on. The one clause I like, but is in far too few leases allows you to get out of the lease with a 30-60 day notice and you forfeit only your security, or one extra month rent. With most leases, you are on the hook for rent for the remainder of the lease unless you replace yourself with a qualified renter.

If you are a biking enthusiast or a musician, you may want to make sure that there are no restrictions for keeping equipment in the apartment. And some landlords now ban smoking in your apartment on new leases.

Basically if you pay your rent on time, don't throw too many wild parties late at night and don't keep a dog in no pets buildings you have very little to worry about.

Good luck.

The building is "rent-stabilized" so we got a one year lease with a free month (in the 12) along with the amenity fee and bike room fee.

Do you have "preferential rent" though? Mine is also "stabilized" but the LEGAL rent is TWICE my actual rent, meaning they could double my rent if they wanted. Won't happen, its East Harlem, but I am just making sure you understand this concept. lots of people on these boards are shocked when the rent spikes in their "stabilized" places because they do not get preferential rents.

Jason is correct.

jason10006
about 2 hours ago
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Member since: Jan 2009
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Do you have "preferential rent" though? Mine is also "stabilized" but the LEGAL rent is TWICE my actual rent, meaning they could double my rent if they wanted. Won't happen, its East Harlem, but I am just making sure you understand this concept. lots of people on these boards are shocked when the rent spikes in their "stabilized" places because they do not get preferential rents.

This is accurate. Of course, most of the sheep are dazzled by the "no fee by owner" signs and are too dumb in any case and so get screwed at renewal. this wouldn't happen if they had worked with an agent.

Sonya_D
about 20 hours ago
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Member since: Jan 2013
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Jimmy the Scumlord doesn't want people to know that: the more the searching renter gets fucked, the more he makes! Just like all shady brokers like him, he tries to mislead to get his way. What's wrong Jimmyboy? Upset that you haven't found any sheep to fleece into your crap studio bushwick rentals lately?

do we know each other? did you change your name like the cunt greensdale?

Jim how do you choose between Jim Hores and C0lumbiaC0unty?

that is rather ironic coming from a piece of shit like you.

Jim, over time have you noticed that your apartment isn't cleaned as well as it was when you first got married?