Long Island Renters Guide
For a 1 year lease, commission is generally a percentage of the annual lease (but can vary depending upon the market area).
It is common to leave a binder check of $100.00 to reserve an apartment until lease signing. This fee is then applied to the security. Landlords on Long Island generally require one, possibly two month's rent as a deposit, payable at the time of the signing of the lease, unless other provisions have been worked out by the lesser and the lessee. Long Island does not require that the landlord place your security in an interest bearing account.
Speak to your Douglas Elliman Real Estate rental agent. If you are relocating, call our Relocation Division at (800) 237-3825 (toll free) for counseling and to determine when to come to New York to begin your search. At that time, schedule your appointment. Your needs will be discussed, questions will be answered about the process, and you will be assigned to an agent best matched to your needs and budget.