![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/i-was-asked-to-pay-21000-fees-to-rent-one-bedroom-apartment/&media=https://uknews.evprotec.com/wp-content/uploads/2023/08/0_Woman-shocked-to-be-hit-by-21000-to-rent-apartment-in-fees-alone.jpg&description=A woman who thought she found her dream apartment was stunned when she was told how much she had to pay in extra frees. Piper Phillips was stunned shared her experience of TikTok A woman was flabbergasted when she was told she had to pay over $21k to rent an apartment. Piper Phillips believed she was lucky to have found a coveted apartment in Manhattan, New York. But to her surprise, she faced unexpected additional costs exceeding $10,000, bringing her initial payment to a staggering $21,507.50, apart from monthly rent. The apartment, which seemed attractive, came with excessive fees, such as application, administration, move-in, and broker's commission fees. Piper shared her disbelief on TikTok, revealing the building's hidden costs. These costs included charges like a $550 application fee, a $1,500 administration fee, and a $1,500 "move-in" fee. The luxury apartment also demanded a minimum income requirement and various other fees, including an annual amenity fee and digital submission fee. For all the latest news, politics, sports, and showbiz from the USA, go to The Mirror US Piper told the New York Post: "I have so much respect for people in the real estate industry, but it confuses me why there are so many fees … when I'm doing hours of manual labour searching for the unit." The additional charges for the apartment were deemed unusually high by experts. The situation even raised questions about the legality and transparency of such fees. Additionally, there was a broker's fee, adding to Piper's frustration, especially given the effort she put into searching for suitable units. A real estate expert highlighted that the fees exceeded norms, possibly due to recent legislation. Hal D. Gavzie, executive vice president of residential leasing at Douglas Elliman, explained: "We typically see application fees associated with renting a condo unit in NYC ranging between $1200-$1500. "Per the Housing Stability and Tenant Protection Act of 2019, credit fees are capped at $){kind=link}
A woman who thought she found her dream apartment was stunned when she was told how much she had to pay in extra frees. Piper Phillips was stunned shared her experience of TikTok
A woman was flabbergasted when she was told she had to pay over $21k to rent an apartment.
Piper Phillips believed she was lucky to have found a coveted apartment in Manhattan, New York. But to her surprise, she faced unexpected additional costs exceeding $10,000, bringing her initial payment to a staggering $21,507.50, apart from monthly rent.
The apartment, which seemed attractive, came with excessive fees, such as application, administration, move-in, and broker’s commission fees. Piper shared her disbelief on TikTok, revealing the building’s hidden costs.
These costs included charges like a $550 application fee, a $1,500 administration fee, and a $1,500 “move-in” fee. The luxury apartment also demanded a minimum income requirement and various other fees, including an annual amenity fee and digital submission fee.