Property Management
A NH property management company charges a 'lease-up fee' to the property owner when a new tenant signs a lease. This fee is:
AIllegal under NH law
BA common one-time fee for finding and placing a new tenant, similar to a rental commission✓ Correct
CA fee paid by the tenant to the management company
DAutomatically included in all management agreements
Explanation
A lease-up fee (or leasing commission) is a one-time fee charged by the management company to the property owner for finding, screening, and placing a new tenant. It is typically a percentage of the annual rent or one month's rent and is in addition to the ongoing management fee.
Related New Hampshire Property Management Questions
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