https://streeteasy.com/building/226-west-97-street-new_york/7b?utm_campaign=rental_listing&utm_medium=share&utm_source=web&lstt=UNZ_rwkYCr-OIon2tvFBD5dCILCGcG6GkrXb7lf5fXgCpG552t8x82KSINK5lRrhZSVwrG8-5Mx50ESx
One last hurrah before the law starts in June!
Is the LL allowed a cut of the key money, or is that illegal?
The landlord is not allowed a cut of the brokerage commission.
But nothing illegal about a broker doing one of the LL’s apts at 35% (happens to be rent stabilized) and another no-fee (happens to be free market)?
https://www.brickunderground.com/rent/realty-bites-broker-fee-limits-laws-rent-stabilized-apartments-nyc
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One last hurrah before the law starts in June!
Is the LL allowed a cut of the key money, or is that illegal?
The landlord is not allowed a cut of the brokerage commission.
But nothing illegal about a broker doing one of the LL’s apts at 35% (happens to be rent stabilized) and another no-fee (happens to be free market)?
https://www.brickunderground.com/rent/realty-bites-broker-fee-limits-laws-rent-stabilized-apartments-nyc