If you’re a New York renter, the unthinkable has happened: State regulation enacted in June 2019 officially states that broker fees are no longer the tenant’s responsibility to pay unless a tenant advertently hires the broker, according to the DOS. In addition, tenants cannot be charged more than $20 in fees when applying for an apartment. Both of these fees have long been ingrained in the NYC real estate market, despite high price tags for disproportionately little to no value in service provided, that could (and will) now be provided by landlords. In fact, if you paid a broker fee after June 14, 2019, you could be eligible to be fully reimbursed.
MoneyRedPill
NYC 86's Apartment Broker Fees
How do you rate this article?
1
moneyredpill
Check out our briefings on Financial Independence, Entrepreneurship, and Investing at MoneyRedPill.com.
MoneyRedPill
Unrefined Financial Independence information for the unawakened Entrepreneur, Self-Employed, and Freelancer, deep inside you.
Reward the author with $0.01 in crypto, and earn yourself as you read!
% to author / 80% to me.Rewards are FREE. Publish0x pays them, not you.
Page not displaying correctly?