Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - US
The Guardian - US
World
Erum Salam

New York City ends broker fees for new tenants in cost-cutting move

an aerial view of apartment buildings
The median asking rent in New York City was $3,500 in 2023. Photograph: Ed Jones/AFP/Getty Images

The New York City council passed a bill on Wednesday that will prevent tenants from having to pay fees to brokers hired by landlords.

The move can significantly lower upfront expenses for renters in a city with one of the highest costs of living in the world. The median asking rent in New York City was $3,500 in 2023.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.