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Re: Paying Brokers Fee in Cash

TenantNet posted in the TenantNet Conference Area

Dated : May 24, 1998 at 20:59:48
Subject: Re: Paying Brokers Fee in Cash

: I've heard that when paying the brokers fee one must do so in cash. Is this

: true? This is in NYC so I don't really know what to expect. For that matter,

: is it legal to ask for cash for any aspect of renting an apartment in Manhattan

: (first and last months rent, security deposit, etc.)? It's called key money---illegal. You can and should pay by check or money order, and you can and should get a receipt -- it's required by law. For what you pay in tuition, they should tell you this stuff.

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