Passage of City Council FARE Act Eliminates Broker Fees for Renters
Renters received some positive news this week when it was annouonced that Brooklyn City Council Member Chi Ossé’s bill, Intro 360, The Fairness in Apartment Rental Expenses (FARE) Act, passed with a supermajority of 42 votes in the New York City Council,
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.
Curbed on MSN2d
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