Search results
Results From The WOW.Com Content Network
It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate ...
Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee. The price of those fees can vary widely, though the standard amount is 15% of the annual rent. For the average apartment in Manhattan, where the median monthly rent recently hit $4,500, that would amount to a fee of $8,100.
The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment. NYC bans unusual practice of forcing tenants to pay real ...
(The Center Square) — New York City landlords will be required to pay costly broker fees for tenants under a plan approved by the City Council that real estate groups argue will drive up rents ...
The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment. The legislation passed by the City Council aims to stop landlords from saddling tenants with those payments — at least as an up-front fee.
If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms: A beginning date and a termination date. The list price at which the property will be offered for sale. The amount of compensation offered to the broker, whether it is in the form of a flat fee or percentage of the sales price.
This would be ordinarily be administered by the New York City sheriff or via a judgment lien. [359] [360] As of December 29, 2024, Donald Trump's debt of $454 million (i.e., the original judgment of a $354 million disgorgement plus $100 million interest) had increased to $500 million (due to interest accrued over 2024). [361]
AOL