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Re: key money -- can landlord's charge broker's fees or not?

Posted by hSan on December 06, 2001 at 23:13:11:

In Reply to: key money -- can landlord's charge broker's fees or not? posted by Stacy on December 03, 2001 at 14:34:02:

I have two comments.

I thought the key fee used to be something you found in loft rentals. Renters would put a lot of money into a loft space they didn't own so they recovered the cost when they moved out in the form of the "key fee", but I may just be wrong about that.

The second thing is with respect to the "finder's fees". I found an apartment by going directly to the landlord, but the landlord then directed me to a broker, who, of course, wanted to charge the broker's extortion fee. I couldn't help wondering whether the landlord and broker had some kind of scheme going. There was no obvious legal/business connection between the two.

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