TYPICAL QUESTIONS ANSWERED

Why is the Application Process So Intense?

If a renter doesn’t pay rent on time or becomes a nuisance to the neighbors, the landlord’s business can be adversely and significantly affected. The application process, which includes background checks and financial checks, helps a landlord minimize risk. Typically, a landlord will pick the least risky, most qualified tenant.

How much is Luxury Apartment LIC's broker fee?

Luxury Apartment LIC does not charge for information provided by the website, nor do we charge for viewing of apartments or rental properties through our agents. Clients pay a broker's fee ONLY if they rent a property through Luxury Apartments LIC. If the property is a NO FEE apartment, you will not incur a broker’s fee.

What does 'No Fee' mean?

When a broker helps you find an apartment, they’ll always get paid a fee. It’s just a question of who pays it.

If the landlord or property owner pays the fee, then the apartment is advertised as no-fee. If the landlord does not pay the fee, the apartment is advertised as requiring a fee which must be paid by the renter.

When should a perspective renter begin an apartment or property rental search?

Potential renters should begin their search 4-6 weeks prior to anticipated moving date.

What are Rent Stabilized buildings and/or apartments?

Rent stabilized buildings and/or apartments are buildings whose rent is regulated by the City of New York and State of New York. Rent increases are only about 1-4% annually. Once a renter secures a rent-stabilized apartment, they have a right to renew a lease agreement indefinitely.

Why choose Luxury Apartments LIC? What sets it apart from all the others?

Prospective renters seek our services for 2 main reasons:

First, our clients want to find the best deals available on the market. They understand that our agents will save them considerable amount of money in the long run. 

Second, our clients want to save the time and energy that gets wasted when trying to find and close on a property in New York's dynamic real estate market. The process can be very frustrating without much result. Our clients come to us in order to utilize the guidance, knowledge, and experience of our licensed agents. Our management team brings over 20 years of combined real estate excellence to the table. Our clients benefit by saving money, time and effort.

Is having a pet a problem?

The properties that we represent are for the most part pet-friendly. Normally, buildings allow one dog per apartment or two cats. In some cases, there is a monthly pet fee, pet deposit (refundable or non-refundable). Additionally, there are breed and weight restrictions. Please ask your Luxury Apartments LIC agent for more information about the pet policy of the building(s) you are interested in, so they can guide you accordingly.