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

Spread the loveOn November 13, 2024, the New York City Council passed a significant bill that shifts broker fees from renters to landlords. This legislation, known as the Fairness in Apartment Rentals Act,

On Wednesday, the New York City Council approved a bill that would shift the financial burden of broker fees from renters to landlords.

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.

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.

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 appears to getting rid of broker fees. In Boston, where 65-percent of residents rent, it's still an issue.

New York is one of the few cities where tenants paid broker fees instead of landlords. 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.

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.

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.