The Variances Between Fee Apartments and No Fee NYC Apartments
The Variances Between Fee Apartments and No Fee NYC Apartments
You can avoid paying fee in two ways.
One is that you can look apartment all by yourself not hiring any agent and deal directly with owner and the second one is look through on-site agent so that the landlord pays the agent because the agent works for them.
Generally owner of the building pays the agents one month's rent or 8.33% of year's rent. The owner pays the fee to the agent because they work form them so that if anybody renting the apartment need not to pay any commission to the agent because he will get paid by the owner.
No fee apartments are those where the landlord pay for the agent when he brings any tenant to the apartment for rent so the tenant need not to worry about paying any commission for the agent. Even though you find a no fee apartment still you end up paying more rent because landlords increase the rent after some months, landlords don't have any intention to save your money.
To get a clear picture how this no fee apartments are available, for example there are two building with the same size and with all facilities and nice view both are same in this categories but still the agent will advertise one apartment as no fee apartment. Why because the agent works for that building owner and will get paid by him for bringing a tenant to their building for rent. As for the other building, owner may not hire any agent. So the renters have to hire an agent to look an apartment for him.
So many people will be interested in getting the no fee apartments rather paying commission to the agent. But you should be more careful when you are looking an apartment by yourself because you must know the city well otherwise you should prepare to take a risk. If you really want an apartment and not willing to pay any commission to agent at least you can be better prepared by gather some information about the neighbourhood and about the communities and check where you can get all the facilities and closer to the industrial area etc. all these information definitely helps you to find the best apartment.