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21 maj 2023 · The difference between a fee or no-fee apartment is simply who is paying the broker's fee. For fee apartments, the soon-to-be tenant foots the bill. For no-fee apartments, the landlord is the one shouldering the cost. That said, there are some no-fee apartments where the landlord is doing the showing themselves.
A no-fee apartment means the renter does not pay a broker’s fee. A fee only exists when a broker is involved. A landlord or management company may pay the fee on the tenant’s behalf, in which case the apartment is advertised as no-fee.
19 maj 2021 · One such term you’ve likely come across is “no-fee apartment.” What does that mean? Well, using a broker to help you find a rental is standard ― but it’s not free. Typically, someone has to pay for the broker’s services, and in NYC, who pays that fee can vary from apartment to apartment.
What is a no-fee apartment? As the term implies, these rentals are offered with no additional costs on top of the usual rent, security deposit and application fee. These no-fee apartments are most often listed directly by building or unit owners or by large management companies that may own and/or operate multiple buildings around the city.
14 sty 2019 · If an apartment is no-fee, it either means that the landlord has agreed to pay the broker fee directly, or there is no broker involved, says Maggie Fanney of New York’s...
20 maj 2024 · According to a 2023 report by StreetEasy, no-fee apartments in Manhattan saw a 12% increase in average rent prices over the past five years, compared to an 8% increase for fee apartments.
6 gru 2022 · No Fee Apartments: Lower upfront cost, but typically you get less bang for your buck. For those who are moving into the city for the first time, upfront fees can be a killer.
