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?

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knuttle <[email protected]> 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.

In California it's legal if it's disclosed to and approved by both
parties. I wouldn't be surprised if the rule were the same in NJ.

--
Stu
http://DownToEarthLawyer.com

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"Stuart O. Bronstein" <[email protected]> wrote:

knuttle <[email protected]> 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.

In California it's legal if it's disclosed to and approved by both
parties. I wouldn't be surprised if the rule were the same in NJ.

For the rules in New Jersey, contact the NJ Real Estate Commission:

NJ Real Estate Commission
PO Box 328
Trenton, NJ 08625-0328
Phone: 609-292-7272
FAX: 609-292-0944
E-mail: [email protected]

--
Stu
http://DownToEarthLawyer.com

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On 11/21/2021 8:34 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?

I don't know the details of NJ law, but I don't see anything wrong here.
The agent is providing one service (bringing a suitable renter), for
which they get paid a commission. (1 month's rent seems not
unreasonable) And a second service: managing the property. 10% seems not unreasonable for this service.

I wouldn't be inclined to call this "double dipping".




--
I do so have a memory. It's backed up on DVD... somewhere...

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On 11/21/2021 11:34 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?

Stu already replied with some info about the law (and I'm not a lawyer)
but I'm not sure where you're seeing this as "double-dipping." If they
are providing ongoing services, they'd expect to be paid. Where I'd see
it as double-dipping would be if they charged both the renter and the
landlord a "finders fee" or charged both a monthly fee. But to me, this
is much like you buying a car from the Ford dealer and them making money
on the sale and then you going back and paying them more for changing
the oil, adding antifreeze, repairing a tire, etc.

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