Bye-Bye Broker Fee
American Apartment Owners Association
DECEMBER 2, 2024
In New York City, unlike nearly every other place in the country, tenants are often forced to fork over a fee, on top of their rent, to a broker hired by the landlord before signing their new lease. That total includes the broker fee, security deposit and first month’s rent. This happens even to tenants who have never met the brokers.
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