subject: No Fee NYC Apartments and the leasing process [print this page] No Fee NYC Apartments and the leasing process
The New York City Apartments are very expensive to rent. Also if you hire an agent you have to pay him commission for finding an apartment. So another alternative is finding a No Fee NYC Apartments for rent. The biggest question is where can you find these No Fee New York City Apartments for rent, it is very simple through agent only but here the agent get paid by the building owner.
Some building owner hires these agents and advertises their apartments as No Fee NYC Apartments so the people who are not interested to pay any commission can look for availability of these apartments. For these no fee apartment's owner gives commission to an agent because he works for them when he brings any client to their apartment building. The owner pays 8.33% of one year rent to the agent. If an agent works directly for the apartment seeker, than he charges 15% of year's rent as a commission.
If you are still in confusion how it works and what is the difference between Fee Apartments and No Fee Apartments? Here it is to get the clear picture how it works. If there are two apartments and one is advertised as no fee and other one has not mentioned anything. The building with no fee is where the owner pays the agent because he advertises his building as a no fee and also gets clients to their building for renting purpose and the owner pays him with commission. Whereas for fee apartments it works as if you find fee apartments through agent, you have to pay him because owner has nothing to do with it. So even if it is Fee NYC Apartments or No Fee NYC Apartments the agent is involved in finding an apartment.
