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Home › Resource Centers › Resources for Renters › Glossary of NYC Real-Estate Terms You Might See On Your Rental Lease
New York City real estate brokers for rental apartments charge a fee for their services, which usually consists of finding and showing you apartments, and helping with paperwork. Broker's fees are usually around the equivalent of two months rent, payable to when you sign the lease of a regular "fee" apartment. Brokers will also offer "no-fee" NYC apartments for rent, but that just means that the building's owner is paying their fee, not you. Of course, the owner is probably adding that amount into your rent, or offering fewer concessions.