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NYC renters could be spared costly broker fees under new City Council bill

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Big Apple residents would no longer be forced to spend small fortunes on broker fees just to rent an apartment under new legislation being considered by the City Council.

The bill, introduced Thursday by Brooklyn Councilman Chi Ossé, a Democratic socialist, doesn’t eliminate broker fees but rather shifts the responsibility of payment to whichever party hires the broker, whether it’s the tenant or landlord.

This makes renting an apartment an expensive nightmare for many New Yorkers because landlords usually want the first month’s rent and another one or two months as a safety deposit up front — on top of the broker fees.

 

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