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- 2008-9-7
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Brokerage fees are negotiable like any commission. Brokerage fees generally range from 10-15% of the first year's rent. Generally, the tenant pays the fee, but some owners of condos will pay a portion of this, some rental buildings offer to pay 1 month's brokerage fee as an incentive. In general, the more rare & desirable a property is, the less the landlord is apt to negotiate the fees. The more inventory there is in a building, the more likely the landlord will offer incentives. Smart Landlords offer to pay at least a portion of the fee as an incentive...then the listing can show as "Reduced Fee", which generally secures a tenant quicker. |
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