City Council votes to relieve renters from paying broker fees with …
2 days ago · The council member said that in his district, many renters have to cough up $12,000 to $15,000 just to rent an apartment. That sum includes first month’s rent, a security deposit and a broker fee.
What to Know About Broker Fees in New York City
2 days ago · The City Council overwhelmingly passed a measure to shift the burden of broker fees to landlords. Here’s what that means for renters. Listen to this article · 5:08 min Learn more
NYC Council passes bill to end broker fees for tenants in veto …
2 days ago · 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.
Bill to End Forced Rental Broker Fees Goes to Council Vote With …
3 days ago · Paying brokers’ fees to rent an apartment might just become a thing of the past for many tenants in New York City. The City Council on Wednesday is poised to pass a revised bill known as the Fairness in Apartment Rentals Act, which requires whomever hired the broker to pay the fee.. The original bill simply put the hiring party on the hook for the fee.
‘An Absolute Mess’: Brokers Assess the Shift in Fees
9 hours ago · Mr. Kowalczuk, a broker, outlined a potential scenario for tenants under the terms of the new bill: For an apartment priced at $5,000 per month, a potential broker’s fee of 15 percent of the ...
Continuing Focus on Affordability for Renters, New York City Council ...
2 days ago · Council also voted on bills authorizing Charter Revision Commission and establishing plant waste composting in city parks. City Hall – Today, the New York City Council voted to pass legislation that would reform broker fees to increase affordability for renters.New York City is in the midst of a housing and affordability crisis, with working- and middle-class residents struggling to keep up ...
New York City Council passes bill that would require ... - CBS News
2 days ago · NEW YORK -- The New York City Council passed a bill Wednesday to have landlords pay for broker fees, instead of tenants. The Fairness in Apartment Rental Expenses, or F.A.R.E., Act passed,...
New York City Council Approves Bill Shifting Broker Fees to …
2 days ago · Moving into an apartment in the city can easily cost more than $10,000 in upfront costs, including a security deposit, first month’s rent and a fee paid to the broker. The fee is typically more ...
New York City Council Votes to End Broker Fees Squeezing Renters
2 days ago · 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.
Council passes measure banning broker fees for most New York City …
2 days ago · Broker fees would be banned for most renters in New York City under legislation passed Wednesday by the City Council with a veto-proof majority to end a practice unheard of nearly everywhere else ...
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