Thursday, February 6, 2020 / by Vanessa Saunders
Because of new rental restrictions in New York, landlords must pay the fees of their brokers instead of requiring tenants to pay up front. At first, this sounds like good news for tenants, but critics say landlords will skirt the law simply by raising rents to compensate for the added expense of a broker.
Tenants hiring a broker to find rental properties for them will still be responsible for the broker's commission.
For more information, click HERE to view the CBS2 New York news segment aired on the eleven o'clock news, Wednesday, February 5, 2020.
If you're considering renting, buying or selling a property locally or globally, or need more information, CLICK HERE.