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In Manhattan, there are 2 specific
ways to avoid paying a broker fee.
1.) There are a percentage of landlords who pay
a brokers’ fee up front (usually equivalent to one month’s
rent) when a broker brings an acceptable tenant to a lease
signing. This is a payment that usually a landlord figures into
the rent price and spreads out over the length of the lease.
2.) An apartment hunter can avoid paying a fee
by finding a landlord directly, and never dealing with a brokerage
at all. There are so many buildings, so many owner’s, and
so many management companies out there in the business of renting
apartments, it is nearly impossible to avoid dealing with a real
estate brokerage during your hunt in Manhattan.
At City Wide, our database comprises 290 owners
or management companies, owning or managing a total of some 2000
buildings in Manhattan. This is where we can
add value to your search; we know every single one of these owners,
every single building, each unique application process, and most
importantly where the best apartment for your needs exists and
when. |
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