![]() ![]() Usually this fee is a one-time payment that amounts to 15 percent of the annual rent, which is due in-full prior to signing the lease. It is standard apartment rental etiquette, and basically real estate law, for the renter to pay the fees of both agents. In New York, however, it gets a little messy.Īpartment rentals in the Big Apple typically involve two real estate agents – one who represents the owner and one who represents the renter. ![]() OK, so in most parts of the US, apartment rentals are simple transactions between the owner and the renter. If you're looking for your own place, just know there will probably be a broker's fee.
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