New landlord: 10 tips if you're renting out a NYC apartment for the first time

… an outlier in having renters compensate brokers hired by landlords The fee ranges from one months rent to 15 percent … for an application fee  This cost covers the background and credit check which you must supply to your incoming tenant … worthiness first They should consider an applicants credit score income tenant history essentially prequalifying a …

By Jennifer White Karp |September 30, 2025 - 3:30PM
9 mistakes to avoid as a first-time renter in NYC

… generous concessions renters used to see are gone at least for now Our rental inventory is extremely low said Liz … income and credit requirements that can push your dream apartment out of reach If you cant meet those standards you … the items from everyone who will be on the lease including guarantors and roommates  Governmentissued photo ID a clear …

By Evelyn Battaglia |August 21, 2025 - 11:30AM
FARE Act takes effect: What NYC renters need to know about the new broker fee law

… by Council member Chi Ossé with a vetoproof majority of 42 members Mayor Eric Adams did not sign the legislation which … a studio in a doorman building in Brooklyn The landlord paid the fee but we achieved $4150 a month the highest rent ever paid in that building Kowalczuk said The landlords came out …

By Jennifer White Karp |June 10, 2025 - 3:00PM