Tenants will no longer be forced to pay a broker’s fee when renting an apartment in New York City, a report said Wednesday.
The ruling — which was made on Friday and went into effect Wednesday — came as a welcome reprieve for city residents who have been forced to plunk down broker costs in addition to a security deposit and first month’s rent, according to The Wall Street Journal.
New York is one of a few cities in the US where residents are charged a fee to rent an apartment. The move is the latest push in creating more favorable rules for tenants.
Read more at THE NY POST.