New York City is the place where everyone wants to live. But to find the living place is harder than we think, and many of us don’t like to pay any fee to the agent for finding the suitable living place. Many of us who are new to this city may not aware of No Fee NYC Apartments available in this city for living. And most of us don’t know how these apartments rental works. When you go to real estate agent and they can show you the listing of No Fee NYC Apartments, but you should know first the concept of no fee buildings. The building owner advertises their buildings as a no fee apartments and hires an agent to bring the tenant to that building. If you approach any agent and he shows you the No Fee NYC Apartments, which means the agent gets paid by the owner of the building.
There is difference between apartment rental building and renting from an individual apartment or condo owner.
The difference is, the rental building is owned by the landlords but they are just for renting purpose you cannot buy them or sell them. You can renew the lease if you want to continue to live in that apartment, and renting the apartment is a quick process. But if you rent an individual apartment or condo you have no option of renewing the apartment after the lease is done. The owner has full authority to make their tenant to vacate the house if they have to for any reason. The renewal process in condos apparently takes more time and also lots of money has to spend on application fee.
So people who are new to this city should be aware of few things like how to find No Fee NYC Apartments and renting individual apartment may not be the best idea as it works according to the owner wish.