New York City poised to end broker fees for new tenants in cost-cutting move

Move would significantly lower upfront expenses for renters in city with one of the world’s highest costs of livingThe New York City council is expected to approve a bill on Wednesday that would prevent tenants from having to pay fees to brokers hired by landlords.The move would significantly lower upfront expenses for renters in a city with one of the highest costs of living in the world. The median asking rent in New York City was $3,500 in 2023. Continue reading...

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Nov 13, 2024 - 10:00
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New York City poised to end broker fees for new tenants in cost-cutting move

Move would significantly lower upfront expenses for renters in city with one of the world’s highest costs of living

The New York City council is expected to approve a bill on Wednesday that would prevent tenants from having to pay fees to brokers hired by landlords.

The move would significantly lower upfront expenses for renters in a city with one of the highest costs of living in the world. The median asking rent in New York City was $3,500 in 2023. Continue reading...

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