Who should pay the real estate agent for apartment rental in NYC ...

August 25, 2012 in Mortgage by jedwan

I am a landlord and I recently rented out an apartment through a real estate agent. The tenant paid 1 month security, first month rent, and the last month rent of a 1 year lease. My real estate agent took the last month rent from my tenant as the commission. This means that I won?t get the last month rent when the lease is up. Is this how it works? I always thought that the tenants pay for the fees. In this case, I am paying for it.

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Source: http://www.ephemera21.com/who-should-pay-the-real-estate-agent-for-apartment-rental-in-nyc-the-tenant-or-landlord/

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