Dear Caroline,
Month to month leases are generally more expensive than a 12 month lease. Short term furnished apartments are generally 30-50% more when compared with a year long unfurnished lease.
Sincerely,
KVNY... more
30 days is a perfect amount of time given the circumstances he has put you and your neighbors through.
Could you update us on how this panned out and what your Lawyer said?? This could be great information to pass on....
Hope to hear back from you,
Brandon... more
Hello!
The average monthly rental rate for 1 -bedroom apartments in the UWS = $2590 - $2600. I know some landlords who have availability on W76th off Amsterdam. They are asking $2100/month on a 12 month lease. It really depends on the amenities and what you are seeking. In the UWS, I have found a lot of private landlords and not so many "large" landlords, so their conditions and terms of the lease/price depends on the desires of the landlord.
For instance, the landlord that has a 1-bed at $2100 is finanically secure, not looking to bank millions. He just has very strict applicant requirements with 3 or 4 riders attached to the lease on noise levels, pets, laundry, etc. The apartment iteslf is in a beautiful renovated townhouse with exposed brick on the east and west facing walls, with a full seperate kitchen.
So, in common, the exchange works like this: Low broker fee = higher rent or a discount broker (can sometimes, sometimes be sketchy). Higher broker fee = quality brokers with quality apartments usually from attentive landlords or well-known management companies.
In today's market, Mitchell is correct, the market is tight and it is prime rental season. If I were personally looking for an apartment, I'd contact a broker and have them help me find a place to live. They can even show you newer buildings, who most likely have higher rental rates, but usally pay the broker's commission. If the broker cannot show you quality, privately owned apartments, find a new broker or ask him to sit with you and search the database. Every broker has access to 1000's of apartments if they are legitimate - some of the brokers choose to only work with exclusives, so ask the broker when you contact them.
Travis R. Old
Licensed Real Estate Salesperson
CitySites Real Estate Group
3 W 57th Street
5th floor
New York, NY 10019
Text/Cell: (347) 601 - 9600
Direct: (212) 228 - 3882
Facebook: www.facebook.com/travisrayold
Find me on Facebook to stay up to date on no-fee rentals and newly available luxury real estate or distinctive investment property.
Referral Bonus: Rent or Sell an apartment/home/building through me, then refer two friends and your next purchase or rental is commission free!... more
There is no catch Hamna,
It traditionally means that on a one year lease your thirteenth month or in some cases, the twelfth month is free. You are still required to pay the first months rent and security up-front. Should you have other questions, I am happy to answer them for you.
Best,
Brooke Davida, SVP
The Corcoran Group
212-444-7847
Bzd@corcoran.com... more
Generally you want to advertise the property 1-2 weeks before your closing and compile a list of the possible renters. Once you close on the property have all the potential renters come and see the property. Another helpful tip would be to list the rental with the listing broker and see if she would be willing to show a week or 2 prior to the closing.... more
In this case you will need a guarantor with qualifying income 80 times monthly rent,good credit.If the guarantor is self employed he/she will need CPA letter.
Usually cooking gas,heat & hot water are included. Tenant is responsible for electric,cable & phone.
Best if you find a roommate. At lease signing you need to provide certified checks -one month security,first month rent and broker fee. Murray hill and Upper East have best share deals.
Close to subways,nightlife and some buildings have amenities;gym,pool,rooftop deck.
Good luck!... more
I've closed two June clients this week... but they accepted mid-May start dates. Expect and accept overlap. If you aren't willing to compromise on the apartment itself, you most definitely need to start your search now and may need to start a lease early to take the perfect apartment off the market.
On the flipside to what many agents are saying, do you want to live in an apartment where your home will be shown 6-8 weeks before you move out?
Chris Gobles
Citi Habitats
1456 First Ave
317-373-0898
cgobles@citi-habitats.com... more
Hey,
It is half month to one month broker fee.
And It really depend on two facts:
- Either there is 2 brokerage firms involved in this transaction so they have to share equally the broker fee.
- Either only one brokerage firm is involved so they can try to accommodate you with the fee and get you set up.
For this part when you say: "However, they're not actually showing me any places physically since I'm from out of state. Does that still count for them to charge a 15% fee/ one month'sโฆ", this is a service job. Even if you order food online, you still pay an additional service charge or delivery. This is real life not a joke.
Warmest Regards,
Raoul Sodogandji
Global Market Specialist
Licensed Salesperson
(o): 212.252.8772 (EXT.782)
(c): 347.993.8333
(e): raouls@nestseekers.com... more
Ask your caseworker for a list of available rentals; check with local realty offices, or work with an agent; check local print media for by owner rentals; word of mouth, etc.
http://www.hud.gov/local/index.cfm?state=ny&topic=renting
http://www.gosection8.com/index.aspx... more
In New York State: All "brokers" who are affiliated with a firm that is not one they own personally are actually agents. A supervising broker, a broker of record, holds their license and supervises them. They are agents of the broker, first of all.
If their business card says "associate broker," it means they have completed the necessary coursework and transactions to qualify for that designation, and they have the ability to open their own office if they want--to go out on their own. They have also paid a higher annual licensing free.
If their business card says "salesperson," then they have not qualified for an associate broker designation yet, OR they have chosen not to pursue it, since it makes no difference for them or the consumer in actual practice--unless they aspire to open their own office someday.
Many of us stay within larger firms because of all the advantages they give us. Many people work decades as "salespersons" and have many, many happy clients and customers. On the other hand, I've met, unfortunately, "associate brokers" who are not very knowledgeable or conscientious about their work.
In sum, we're all agents if someone holds our licenses, and that's the term that is really the correct one to use. In popular usage real estate licensees of all kinds are called "brokers" in NYC, and so we all get called that, which adds to the confusion!
Karla Harby
Lic RE Salesperson
Rutenberg Realty
Manhattan
212 688 1000 x146
kharby@crrnyc.com... more
I strongly suggest you read the lease. If you have any questions, prior to signing would be the best time to ask. I'm getting the feeling you didn't use the services of a broker. If your application has been accepted and you just need to sign, I doubt anyone will entertain any thought of concessions, especially in New York City. Good luck.... more
To be direct, the most honest answer is probably no on the rent but yes on the security. The management company has the right to charge you for the remainder of the lease but considering it's mid-March and the rental market is hot, you might get away with losing only the one month. After all, they apartment came off the market because you wanted it. it may take a couple of weeks to get it rented again and management will look to keep their cash flow steady. By the way, if you left a message w/management on Saturday and didn't talk to anyone specific, you better follow up on that. Good luck.... more
Thanks for the advice. I didn't have to go so far as to verify ownership. The listing was a scam--they wanted to use TNT to facilitate key and deposit exchange. A quick call to TNT revealed they don't provide such services. That and the atrocious English used in the "lessor's" correspondence convinced me once again that when something seems too good to be true, it usually is.... more
Coop bylaws or "House rules" are found in your offering plan. You may want to read them to obtain your answer. Your question seems to imply not a visitor but someone who will be living there for quite some time to come. You can always ask the board president. Good luck.... more
Hi Lynsey. I wanted to clarify my statement below. I had heard from a third party about tenants not needing to give notice and just needed to be out on the last day of the month. I may be incorrect here and strongy suggest you consult an Attorney.
I would be grateful to my Real Estate colleagues if they would coment on the matter.... more
Hi Rory. I basically agree with everything said below. Narration was sorely missing. What are the room sizes or overall sq footage? How much sunlight? Building amenities need to be mentioned as well as specific location as your market are wall street people. There was no excitement just video which looked good. You gotta puff it up. You should have someone in the video (a Woman) opening the cabinetry in the Kitchen. It looks like a video in need of post production. Good luck.... more