Welcome to 2019! I have no doubt this post will be as relevant tomorrow as it was last year. I get phone calls and emails on a regular basis from readers who come across this post – and I happily address each one!!! Thanks for reading, and here is to a wonderful and successful 2019!

Unreal Estate

It is that time of year again! Spring is here and the rental market is heating up. As New Yorkers reluctantly re-enter the market, and tens of thousands of new hires, relos, students, etc. start their apartment search, a refresher on Good Faith Deposits can’t hurt! I originally posted this article 4 years ago. Unfortunately, the same deceptive practices exist and therefore the following information is valuable and relevant…

I am often asked by clients about “good faith deposits” and whether they should be skeptical about providing a deposit when submitting an application for an apartment. The answer is, it depends. If the deposit is going to the landlord, that is likely above board. However, if the deposit is being paid to the broker, your skepticism is well founded and you should be prepared to ask MANY questions. I will prepare you for both scenarios…

Landlord requires a “Good Faith…

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  1. Eirik, thank you so much for all your help. For everyone reading, Eirik is an amazing human being–I emailed him in a panic over a good faith deposit mistake I’d made, and not only did he respond within an hour, he set up a time for us to call that very day, and took time out of his work day to guide me through the whole thing. He was patient, kind, incredibly knowledgeable, and soothed my fears over the good faith deposit problem. He gave me specific pointers about how to deal with the broker and I ended up getting out of a bad deal, thanks to his help. And I’m a stranger on the internet–he absolutely didn’t need to do any of this. Thank you for all your help, Eirik–I appreciate it so tremendously.


  2. Hi, I had a question I was hoping you could help with. I gave a good faith deposit to a broker (1 months rent) who was working closely with a management company. I was eventually approved for the apartment. However, they kept pushing off the lease signing and then told me they gave the apartment to someone else in the building. The cash was never checked. I have the communications through email but know receipt. Now I have know were to move in a week. I still want the apartment.. any thoughts? Thanks!


    1. Hello, Thanks for taking the time to read my blog – I truly appreciate it. It would be my pleasure to help answer any questions you have. Please feel free to give me a call at 917-558-3992 at your convenience and I look forward to speaking with you! Eirik


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