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broker fees, New York City
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.
Would Boston end broker fees for renters, now that New York City is about to?
New York City appears to getting rid of broker fees. In Boston, where 65-percent of residents rent, it's still an issue.
Boston is one of the last places to allow renter-paid broker fees
In the Greater Boston area, the broker’s fee is usually an entire month’s rent. According to Zumper, the average cost of a Boston apartment was just over $3,000 in November. That puts total move-in cost (first and last months’ rent, security deposit, and a broker fee) at a total of at least $12,000.
Tell us: Should Boston shift broker fees to landlords?
On Wednesday, the New York City Council approved a bill that would shift the financial burden of broker fees from renters to landlords.
Could Boston follow New York City in ban on requiring tenants to pay broker fees
Legislation passed this week in New York City leaves Boston as the last major city where tenants can be required to pay hefty fees for real estate brokers hired by their landlords.
Boston one of few cities in country that has tenants pay broker fees
As New York City ends the practice of landlords charging tenants for the broker fee, Boston remains one of the few cities left in the country where that's part of the deal. WBZ-TV's Brandon Truitt reports.
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 York City now requires landlords to pay broker fees. Should Boston do the same?
Renting in Boston is expensive, and some are looking to New York’s recent model for relief. The New York City Council voted this week to ban broker fees for tenants, shifting the financial burden to landlords.
Brownstoner
3d
Bill to End Forced Rental Broker Fees Goes to Council Vote With Near Veto-Proof Support
who secured him an apartment for $2,250 per month with a
broker
fee of $2,500. New York City and
Boston
are the only U.S.
The New York Skyline
2d
NYC Council votes to end forced broker fees
The Council on Wednesday approved the revised FARE Act, shifting broker fees from tenants to the hiring party, typically ...
2d
on MSN
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 ...
2d
on MSN
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 ...
Crain's New York
2d
City Council to ban forced broker fees in seismic change to rental market
The City Council considered a bill in 2019 that would have capped the fees at one month’s rent, but it stalled after brokers ...
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