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Old 01-16-2012, 08:11 AM
 
Location: Puerto Rico
355 posts, read 1,047,519 times
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I see. I guess the move-in fee can be a hook to keep you put for at least two years. As you say, renters may be inclined to stay put longer to get the most out of that fee that will never come back.
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Old 01-17-2012, 09:22 AM
 
11,289 posts, read 26,209,063 times
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Is this a new thing?? I rented 4 places up until a few years ago and never once heard about a move-in fee. My last three places were in Lincoln Park and Lakeview too, which I assume would have this happen before many other areas.

I have a ton of friends who rent, and none of them have ever said anything about a fee, just a deposit. I've been lucky, I got my full deposit returned all 4 times with no fuss at all.
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Old 01-17-2012, 09:51 AM
 
14,798 posts, read 17,693,010 times
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Quote:
Originally Posted by Chicago60614 View Post
Is this a new thing?? I rented 4 places up until a few years ago and never once heard about a move-in fee. My last three places were in Lincoln Park and Lakeview too, which I assume would have this happen before many other areas.

I have a ton of friends who rent, and none of them have ever said anything about a fee, just a deposit. I've been lucky, I got my full deposit returned all 4 times with no fuss at all.
I have never heard of it either, but I haven't rented in over 10 years.
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Old 01-17-2012, 11:30 AM
 
968 posts, read 2,667,218 times
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..again , true move in fees I understand are most often associated w/ rental units in condo buildings, especially high-rises .. <Most> of the ones I've seen are in the 50 -100 range, and are charged by the association for additional maintenance/inconvenience of reserving and using elevators .. Such buildings also typically have a 'move out' fee that's the same charge , for the same reasons ..It's completely separate from any security deposits the rental property owner will require, and is usually non-negotiable w/ the association ( although the property owner might eat it...) ..
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Old 01-17-2012, 12:27 PM
 
Location: Tower Grove East, St. Louis, MO
12,063 posts, read 31,632,411 times
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Our place that we rented from Peak Properties charged a move-in fee of $300 in 2008. I agree with the pros/cons that everyone has listed above. For me at the time, $1200 would have been hard to come up with, so $300 was much easier for me.
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Old 01-18-2012, 09:46 AM
 
Location: Puerto Rico
355 posts, read 1,047,519 times
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Quote:
Originally Posted by snoylekim View Post
..again , true move in fees I understand are most often associated w/ rental units in condo buildings, especially high-rises .. <Most> of the ones I've seen are in the 50 -100 range, and are charged by the association for additional maintenance/inconvenience of reserving and using elevators .. Such buildings also typically have a 'move out' fee that's the same charge , for the same reasons ..It's completely separate from any security deposits the rental property owner will require, and is usually non-negotiable w/ the association ( although the property owner might eat it...) ..
So you can be charged when moving out? Damn! Now I'm thinking twice about these charges. Sounds like they will steal your money for every little reason they find.
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Old 01-18-2012, 10:38 AM
 
Location: USA
5,738 posts, read 5,445,071 times
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They're really not that big of a deal. I wouldn't pay for one in addition to a deposit unless it was very low. A plus is that if you're forced to leave because of negligence by your landlord, you lose less money.
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Old 01-20-2012, 03:40 AM
 
Location: Chicago
422 posts, read 813,205 times
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Quote:
Originally Posted by FAReastcoast View Post
Whatever small fee you pay to move in is nothing compared to paying a broker fee in NYC (typically 1.5-2x rent), I was shocked that renters do not pay that fee in Chicago.
Is this common only on higher end places in NYC or just standard for everyone? I can't imagine working class people being able to afford paying that kind of money. I assume you would have to higher a broker in the first place in order to get charged as opposed to looking online yourself or at just random "for rent" signs. Not like it matters since I don't live in New York City.
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Old 01-20-2012, 06:55 AM
 
1,302 posts, read 1,951,861 times
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Quote:
Originally Posted by chicago103 View Post
Is this common only on higher end places in NYC or just standard for everyone? I can't imagine working class people being able to afford paying that kind of money. I assume you would have to higher a broker in the first place in order to get charged as opposed to looking online yourself or at just random "for rent" signs. Not like it matters since I don't live in New York City.
It really depends on where your looking, trendy neighborhoods in Brooklyn or Manhattan will be almost impossible without a broker. When a leased my place in soho/LES this past summer to move to Chicago, I had 97 people look at my place in 2 days, I was able to create a bidding war and actually pocket a couple hundred bucks a month. The housing market in NYC is much
more competitive than Chicago.

Last edited by FAReastcoast; 01-20-2012 at 08:20 AM..
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