Who pays the brokerage fee in New York? How much is it?
Read What types of properties are available for rent in New York City? Who will be my landlord? Unlike in some European cities, the average landlord in New York City is a corporate landlord. You will, of course, come across an individual landlord, especially if you are looking for an apartment in a townhouse. However, the majority of rental high-rises are owned by corporations. It is common that a corporation hires a management company to manage their rental properties. These management companies are responsible for selecting potential tenants, handling leases, collecting rental payments and providing property management. Some individual landlords own and manage their property themselves. Such landlords often occupy an apartment in a multiple family townhouse or own a property in a coop or a condo building. Unlike a large corporate landlord, an individual landlord will know you by name and will be more attentive and also more concerned about how you are using his or her property. Back
