New York City is about to make landlords cover most brokers fees. So why not Boston?
Apartment hunters in New York City got good news on Wednesday when the City Council there passed a bill that would largely compel landlords, not tenants, to cover broker fees, that expensive charge tacked on to the cost of signing an apartment lease.
New York City Council passes bill that would require landlords to pay for broker fees, not tenants
A bill to have NYC landlords pay for broker fees, instead of tenants, is up for a vote before the New York City Council.
New York City Council Approves Bill Shifting Broker Fees to Landlords
The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees.
New York City Votes to End One of Renters’ Biggest Complaints, the Broker Fee
The broker fee, long a bane of New York City renters, just got voted out. The New York City Council passed a bill Wednesday requiring landlords to pay fees for brokers they hire to list and show apartments. Renters today often pay these fees, which can add ...
New York City Council Votes to End Broker Fees Squeezing Renters
New York renters would no longer be on the hook for costly broker fees when signing a new apartment lease, under a measure passed by the city council Wednesday.
City Council passes bill shifting broker fee burden to landlords, sparking backlash from real estate industry and key critics
The New York City Council passed a landmark bill on Wednesday, aiming to relieve renters of paying hefty broker fees — a cost that will now fall on the party
Moving to New York City cost us $10K in fees. Those fees are now banned
New York is one of two cities that requires renters to pay for these services; the other is Boston. Typically, such broker fees range from 10% to 15% of a tenant’s annual rent; in a city where the average monthly rent is currently $3,898 per month, renters often must pay several thousand dollars just to move.
New bill aims to curb high broker fees for New York renters
In a city where the cost of living continues to soar, a new bill is set to address one of the most burdensome expenses for renters in New York City.
New York City Council passes FARE Act, ending broker fees for renters
The New York City Council has outlawed the practice of landlords passing broker fees onto residential tenants in New York City.
NYC bill shifting broker fees to landlords overwhelmingly approved by City Council
The City Council overwhelmingly approved a bill Wednesday that would largely shift the cost of broker fees to landlords, in a hit to the real estate industry.
NYC Council passes bill to end broker fees for tenants in veto-proof vote
The New York City Council passed, in a 42-8 vote, a bill that will put an end to forcing tenant-paid brokers fees, as the city looks for strategies to tackle the housing affordability crisis. Now, whoever hires the broker will have to pay their fees.
City Council scrambles to reassert control in power struggle with Eric Adams after mayor’s ballot wins
City Council is taking on Hizzoner again after an embarrassing defeat over the November ballot by establishing their own ...
Smoke pours from 44-story New York City skyscraper after reported fire
A fire sent smoke billowing from the top of a luxury 44-story building in the Hudson Yards development on Manhattan’s West ...
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City Council Passes Bill That Makes Landlords Pay Fees Of Brokers They Hire
The New York City Council voted to ban that practice Wednesday afternoon, pushing the legal responsibility for paying a ...
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Anthony Weiner mulls a City Council run in lower Manhattan
Speaking during his weekly radio show on 77WABC Saturday afternoon, Weiner said he’s considering entering the race for ...