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.
What to Know About Broker Fees in New York City
The City Council overwhelmingly passed a measure to shift the burden of broker fees to landlords. Here’s what that means for renters.
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. The post New York City Council approves bill shifting broker fees to landlords appeared first on Boston.
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.
Council passes measure banning broker fees for most New York City renters
The legislation would eliminate a fee imposed to be shown an apartment, have an application be processed and sign a lease.
Bye-bye broker fee: NYC Council approves bill to eliminate fee for most tenants
The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters.
NYC Bans Tenant-Paid Broker Fees
Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city’s real estate lobby.
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.
Renters no longer pay broker fees under bill passed by City Council
The New York City Council passed a bill Wednesday to make renting an apartment a little easier. The bill, known as the FARE Act, requires landlords to pay the fee when they hire a real estate broker to market their properties.
New York City Council passes bill that shifts broker fees to landlords
Opponents of the legislation say the measure could lead to higher rents and argue that landlords could put broker fees into monthly rents.
New York City Council passes bill that would require landlords to pay for broker fees, not tenants
The New York City Council passed a bill Wednesday to have NYC landlords pay for broker fees, instead of tenants.
Curbed on MSN1d
Good-bye to the Broker Fee
The broker fee as we know it is over in New York City. A City Council bill that would prevent your landlord from charging you ...
Commercial Observer1d
As New York Nixes Broker Fees, Real Estate Industry Cries Foul
The New York City Council voted Wednesday to approve a bill that would shift broker fees from renters to landlords.
Salon1d
Moving to New York City cost us $10K in fees. Those fees may soon be banned
Last June, on a sweaty summer evening, in our 550-square-foot Brooklyn apartment filled to the brim with towers of stacked ...