• NJ Rental property laws

    From knuttle@21:1/5 to All on Sun Nov 21 15:52:22 2021
    XPost: alt.home.repair

    I have a friend who rents in NJ but lives elsewhere who is trying to rent a home through a rental agent.

    I _thought_ that rental agents couldn't double dip (at least I always
    thought they can't, AFAIK), but the rental agent she is dealing with seems
    to be asking to double dip.

    How can I find out easily on the net if that's legal?
    (I don't want to do a lot of work - but just to look it up for her and win brownie points for that effort.)

    Can a NJ rental agent charge both (a) a month's rent for finding a renter
    and then (b) charge 10% each month for managing the property (collecting
    rent, scheduling maintenance & repairs)?

    Where would I find this legal information on the net?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Ed Pawlowski@21:1/5 to knuttle on Sun Nov 21 16:39:47 2021
    XPost: alt.home.repair

    On 11/21/2021 3:52 PM, knuttle wrote:
    I have a friend who rents in NJ but lives elsewhere who is trying to rent a home through a rental agent.

    I _thought_ that rental agents couldn't double dip (at least I always
    thought they can't, AFAIK), but the rental agent she is dealing with seems
    to be asking to double dip.

    How can I find out easily on the net if that's legal?
    (I don't want to do a lot of work - but just to look it up for her and win brownie points for that effort.)

    Can a NJ rental agent charge both (a) a month's rent for finding a renter
    and then (b) charge 10% each month for managing the property (collecting rent, scheduling maintenance & repairs)?

    Where would I find this legal information on the net?

    Sounds reasonable to me. I don't see double dipping. I know people
    that own NJ rentals and pay the realtor to manage the property for them.

    Can you avoid it? Sure, don't rent that property. Find one on your own.
    If you rent a U-Haul truck at the local gas station it is the same
    thing. They do a service and get a commission for it.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Wade Garrett@21:1/5 to knuttle on Sun Nov 21 18:43:24 2021
    XPost: alt.home.repair

    On 11/21/21 3:52 PM, knuttle wrote:
    I have a friend who rents in NJ but lives elsewhere who is trying to rent a home through a rental agent.

    I _thought_ that rental agents couldn't double dip (at least I always
    thought they can't, AFAIK), but the rental agent she is dealing with seems
    to be asking to double dip.

    How can I find out easily on the net if that's legal?
    (I don't want to do a lot of work - but just to look it up for her and win brownie points for that effort.)

    Can a NJ rental agent charge both (a) a month's rent for finding a renter
    and then (b) charge 10% each month for managing the property (collecting rent, scheduling maintenance & repairs)?

    Where would I find this legal information on the net?

    Not sure why you would question this.

    The agent provides the service of finding and signing up a renter
    (service #1). He then provides another service of handling property
    management tasks (service #2).

    Two separate and independent services earn two separate fees. The
    property owner could contract with two different providers...or have the
    same provider handle both.

    Sorta' like paying a new car dealer "fee" #1 - the difference between
    what he paid for the car and what he charges you for it....and fee #2-
    what you pay him you for oil changes and post-warranty repairs.

    You can buy a car wherever you want and get it serviced wherever you
    want- or maybe even service it yourself.

    --
    Did you know there are three places you can stay for free? In your lane,
    out of my business and over there

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)