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Old 08-04-2007, 01:37 AM
 
3 posts, read 15,565 times
Reputation: 11

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My roommate and I got into a bit of a situation yesterday. After months of apartment searching, my roommate just gave up and applied for an apartment. The only problem is that the apartment is on 190th st and a half hour commute (at least) to school and 45 minutes to almost anywhere else.

Although I thought this was a horrible idea, she seemed very confident so I signed the application and we put in one months rent as a deposit. I did this over fax while she was in the office so I was unaware of all the attached fees: Out of state Guarantor=3 months rent upfront in addition to the deposit (which we were not aware of until they told us we had been approved) 100 for credit check = 400 altogether(they originally said it was $50). 100 application fee per person (which they also didn't tell me or my roommate about. On top of the brokers fee(15%), the total move in cost is going to be about $1800... for a one bedroom in Washington Heights, nonetheless.

Is there any way to get the security back? They DID have about a thousand dollars in fees that were undisclosed prior to the application signing.
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Old 08-04-2007, 01:47 AM
 
3 posts, read 15,565 times
Reputation: 11
Actually, I think my roommate said it was something like $400 application fee per person, but she told me they rushed her through the entire process without making sure she thoroughly understood the fees. Unfortunately I was not there!
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Old 08-04-2007, 02:21 AM
 
Location: Queens
842 posts, read 4,182,149 times
Reputation: 287
Quote:
Originally Posted by tellmecuando View Post
My roommate and I got into a bit of a situation yesterday. After months of apartment searching, my roommate just gave up and applied for an apartment. The only problem is that the apartment is on 190th st and a half hour commute (at least) to school and 45 minutes to almost anywhere else.

Although I thought this was a horrible idea, she seemed very confident so I signed the application and we put in one months rent as a deposit. I did this over fax while she was in the office so I was unaware of all the attached fees: Out of state Guarantor=3 months rent upfront in addition to the deposit (which we were not aware of until they told us we had been approved) 100 for credit check = 400 altogether(they originally said it was $50). 100 application fee per person (which they also didn't tell me or my roommate about. On top of the brokers fee(15%), the total move in cost is going to be about $1800... for a one bedroom in Washington Heights, nonetheless.

Is there any way to get the security back? They DID have about a thousand dollars in fees that were undisclosed prior to the application signing.
I understand the need for 3 months rent upfront for guarantor But the rest of those fees are to pay off the landlord, real estate agent, and even the super gets a cut. In my opinion, you should never find an apt. through a broker. Anyone can fully do it themselves (possibly even better). I suggest taking a walk around a target neighborhood, asking to speak with the super. Ask if there are any vacant apts or look for APT FOR RENT signs. No broker fees, more trust, and usually lower rents.
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