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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