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Hamptons.com
March 27, 2014

Hamptons Rentals: Does It Pay To Rep A Rental?

John A. Viterittiby John A. Viteritti
in Real Estate
Home Real Estate

The real estate industry across the Hamptons and North Fork is big business when it comes to rentals, especially when the price tag can be upwards of $500,000 for the Memorial Day to Labor Day summer season. That translates to nice commissions for brokers. We spoke to several East End real estate pros to find out how it all works out from listings, to commissions, to potentials sales.

“We charge a flat rate of 10%,” says Joseph Kazickas, Managing Broker, Rosehip Partners Real Estate, East Hampton. “The commission may be reduced in the event of renewals. We normally have the first rental payment deposited in our escrow account from which we deduct the fee and remit the balance to the landlord.”

Contrary to what may be presumed, who pays the broker’s commission, landlord or tenant, is not a matter of law. The broker may collect from either party as long as it made clear from whom the broker is collecting.

Alice Bell, Senior Vice President Brokerage Manager, Sotheby’s International Realty, told Hamptons.com, “We charge a 10% fee on short-term or long-term rentals. Either the landlord or the tenant may pay, but it is usually the landlord. There are more and more Exclusive Right to Rent Rental Agreements, especially when the house is on the market for sale or is a very high-end rental. Splits between the agencies range from 50/50 to 90/10.”

“We follow what has been the customary practice on the South Fork of a commission of 10% of the total rent for the season, payable by the landlord,” said Ed Reale, Senior Managing Director, Brown Harris Stevens, Southampton. Sarah Minardi, Associate Broker, Saunders, Southampton, concurred, “The landlords pay a commission to Saunders of 10% of the gross rental fee. We have a $500 minimum fee-for-service requirement.”

With the idea of a 10% fee on rentals considered standard practice among the East End pros we spoke to we wondered about re-rents. Turns out that if a broker rents a landlord’s house to a tenant for the season, and the tenant re-rents the same house from the landlord for the next season, the broker is not entitled to another commission unless there is an agreement between the landlord and the broker stating so. Further, if the tenant should buy the home from the landlord during the term of the lease or after, the broker is not entitled to a commission on the sale unless there is an agreement between the landlord and the broker stating so.

With a 10% fee as the norm and pretty clear rules about who pays what, we asked our experts about the challenges in the booming North Fork and Hamptons rental market.

“The fee structure I have established is 10% of the seasonal rental, paid by the landlord, and on year-round rentals, the fee is equivalent to one month’s rent, paid by the tenant,” explains Michael Herbert, Broker, Community Rentals, Mattituck. “All this is negotiable depending on the circumstances, but generally, this is the structure. With regards to an option for an additional term, that must be written in the Lease Agreement to the specifics between landlord and tenant. The greatest challenge I find in my business is establishing monthly rents to what I determine to fair and reasonable. It aches me to witness what tenants are currently paying in rent, simply to put a roof over their head. Very challenging times, but let’s do the best we can to help one another.”

“Landlords, please get the photos to us,” implores Barbara Lester, a Salesperson with Hamptons Realty Group in Amagansett. “We go out as much as possible to photograph but it is impossible to get everyone. We have hundreds of listings that don’t have any photos at all. I skip right over them. In this day and age of the Internet there is no reason for a ‘no photo’ listing. So if you call us and wonder why your house hasn’t rented, check the photos, they could be non-existent, outdated, or just bad photos. Working together makes all the difference. I [have] seen this first-hand. My input to tenants would be to start your search early in the year, give your agent time to prepare the file, and do your best to try to make a decision quickly.”

Considering the complexity of the practice of renting, landlords and tenants should seek legal counsel before entering into the rental market and be sure to work with a pro.

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Seasonal Hamptons Restaurants Starting To Open For The 2014 Season

Seasonal Hamptons Restaurants Starting To Open For The 2014 Season

  • The 33rd Hamptons International Film Festival kicked off last Friday with the U.S. premiere of A24’s Eternity starring Elizabeth Olsen, Miles Teller, and Callum Turner.⁠
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Elizabeth Olsen attended the premiere on Friday, and on Saturday sat down with IndieWire’s Editorial Director Kate Erbland at the Sag Harbor Cinema as a part of the festival’s “A Conversation With” series. Later that day, the second “A Conversation With” took place as Ethan Hawke and moderator Alison Stewart talked about Blue Moon, as well as Hawke’s filmography. ⁠
⁠
Sydney Sweeney received the festival’s Achievement in Acting Award following the U.S. premiere of her film Christy in East Hampton. ⁠
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Notable Guests included: Alessandro Nivola, Alec Baldwin, Amanda Peet, Tonatiuh, Miriam Shor, Lois Smith, Tim Blake Nelson, Mareille Enos, Bob Balaban, E. Jean Carroll, Roberta Kaplan, Ellen Barkin, Bernie Telsie, Bill Condon.⁠
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📸: Jess Dalene⁠
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Check out the full gallery at Hamptons.com (Link in Bio)⁠
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#hiff #hamptonsinternationalfilmfestival #film #elizabetholsen #sydneysweeney #hamptons #hamptonsfilm⁠
  • When: Fri, Oct 3rd – Sun, Oct 5th, 2025
8am – 5pm

Where: Levain Bakery, 354 Montauk Hwy, Wainscott, NY

Levain Bakery is introducing a new cookie for a limited time: Peanut Butter Dark Chocolate Chip – a decadent mix of creamy and chunky peanut butter with rich dark chocolate chunks. Originally created to celebrate the opening of Levain’s Beverly Hills Bakery, this indulgent new flavor will now be available for just three days only, October 3–5, at all retail bakery locations.

To make the weekend even sweeter, guests who purchase a cookie will receive a Levain Bakery mini tote (while supplies last), a fan-favorite collectible sure to go quickly.

#levain #levainbakery #cookie #minitote #tote #hamptons
  • From world premieres at the Hamptons International Film Festival to SouthamptonFest! ⁠
⁠
Check out the Top Hamptons Events This Weekend!⁠
⁠
🎬 33rd Hamptons International Film Festival⁠
📅 Oct 3 – 13, 2025 | 9AM – 10PM⁠
📍 Various Locations⁠
A global lineup of films, shorts & documentaries.⁠
⁠
🍪 Levain Bakery⁠
📅 Oct 3 – 5, 2025 | 8AM – 5PM⁠
📍 354 Montauk Hwy, Wainscott⁠
Try the Peanut Butter Dark Chocolate Chip cookie + snag a mini tote (while supplies last).⁠
⁠
🎉 13th Annual SouthamptonFest⁠
📅 Oct 3 – 5, 2025 | 10AM – 7PM⁠
📍 Southampton Village⁠
Arts, culture, food & family fun all weekend long!⁠
⁠
🎶 SpringsFest⁠
📅 Oct 4, 2025⁠
📍 1 Parsons Pl, East Hampton⁠
Live music, raffles, crafts, blacksmith demos & more.⁠
⁠
💃 Salsa Social @ The Clubhouse Hamptons⁠
📅 Oct 4, 2025 | 9PM – 11:30PM⁠
📍 East Hampton⁠
Dance the night away w/ DJ Chile & more!⁠
⁠
🐚 34th Annual Largest Clam Contest⁠
📅 Oct 5, 2025 | 12PM – 3PM⁠
📍 Amagansett Life Saving Station⁠
Taste clam chowder, clam pies & cheer on the winners!⁠
⁠
🎷 East Meets West Jazz Jam Session⁠
📅 Oct 5, 2025 | 2PM – 5PM⁠
📍 Southampton Cultural Center⁠
Free community jazz jam – all are welcome.⁠
⁠
🌕 Full Hunter’s Super Moon Hike⁠
📅 Oct 6, 2025 | 6:30PM – 7:30PM⁠
📍 SOFO Museum Parking Lot⁠
Guided evening hike under the moonlight.⁠
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✨ Which event are you most excited for?⁠
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Check out more events at Hamptons.com (Link in Bio)⁠
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#hamptons #hamptonsinternationalfilfestival #hiff #jazz #fullmoon #hike #film #levainbakery #community
  • So many fun fall activities in the Hamptons 🎃

@fairviewfarmatmecox 
@corwithsfarmstand 
@milkpailfarmorchard 

Check out our fall guide at Hamptons.com (Link in Bio)

#hamptons #fall #applepicking🍎 #pumpkin #maze #pettingfarm
  • As summer winds down and the cool breezes of fall approach, jewelry enthusiasts and fashion lovers alike are looking for the latest seasonal trends. Yael Fraynd, founder and president of Yaya Publicity, offers an insider’s perspective on what to expect this fall — especially for those embracing the chic lifestyle of the Hamptons.⁠
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Looking ahead to fall, Fraynd described the evolving styles with enthusiasm. For fall, expect to see bold statement pieces, rich gemstone colors like orange and a playful mix of metals. ⁠
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She also noted the influence of pop culture on jewelry trends, including celebrities like Taylor Swift, who is recently engaged, saying, “It could also be just, you know, with Taylor Swift, who has such a big effect on what people like.”⁠
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On the seamless transition from summer to fall styles, she observed, “In the summer, you see a bit of Western-inspired pieces, and I think that they really do kind of transition into fall really nicely. ⁠
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@yayapublicity⁠
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Read the full article at Hamptons.com (Link in Bio) ⁠
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#fall #falltrend #falljewelry #hamptons⁠
  • Apollo in the Hamptons returned with a celebratory evening at the EHP Resort & Marina (Si Si Restaurant) in East Hampton. The annual fundraiser supported Apollo’s year-round artistic and educational programs and its first full-scale renovation and restoration. ⁠
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📸: Danté Crichlow for The Apollo⁠
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Check out the full gallery at Hamptons.com (Link in Bio)⁠
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#apollo #apollotheater #hamptons #easthampton #benefit #fundraiser
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