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Old 03-07-2009, 12:54 PM
 
25 posts, read 153,737 times
Reputation: 20

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So I'm from New York, and the standard practice in NYC is that the tenant moving in pays any broker fees/realtor costs. Usually 10-15% of a year's rent up front at signing (so if your rent is $1000 a month, you have to pay at least $1200 to the realtor when you sign).

Someone just told me that in LA the landlord eats these costs, and the tenants pay nothing - is this true???
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Old 03-07-2009, 01:34 PM
 
11,151 posts, read 13,797,303 times
Reputation: 18791
You can easily find yourself a place in L.A. without the use of a broker. (Do NYC-style brokers even exist here?) Check Craigslist (free) and Westside Rentals ($60/2 months) or, if you're in the area, just drive around the areas you like and look for vacancy signs.
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Old 03-07-2009, 01:42 PM
 
Location: NoHo (North Hollywood)
448 posts, read 1,340,121 times
Reputation: 262
Most people in LA don't use a realtor when they are searching for an apartment/house to rent. We only use realtor's when we want to actually buy something.
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Old 03-08-2009, 11:37 AM
 
Location: Downtown
9 posts, read 24,814 times
Reputation: 13
Yes, this is true. In CA, the Lessor or Seller pays commissions.
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