Rents grew seven times faster than wages in NYC last year

… The rent is still too damn high and its growing faster than … keep up according to a new report from StreetEasy Asking rents in New York City grew seven times faster than average … request your rent history from the Department of Housing and Community Renewal online or by mail and check …

By Celia Young |May 8, 2024 - 11:30AM
Bill shifting broker fees to landlords is back. So is the fight to pass it

… passed last year The bill dubbed the Fairness in Apartment Rental Expenses Act would let renters off the hook for paying a brokers fee when the … halted renterpaid fees under its interpretation of the 2019 Housing Stability and Tenant Protection Act but subsequently …

By Celia Young |March 5, 2024 - 10:36AM
NYC real estate firm fined $260,000 for charging sky-high broker fees

… Kathy Hochuls office  The Department of States Licensing Services Division started investigating City Wides broker … because the fees did not reasonably relate to legitimate services provided to the renters  Excessive brokers fees add … above the industry standard that are not related to the services actually provided by the broker could be considered …

By Celia Young |January 31, 2024 - 1:30PM
City Council bill to shift broker fees to landlords unlikely to pass this year

… as more council members who will hopefully sign on especially those who are dealing with tough elections next year … The New York Department of State briefly blocked renterpaid broker fees in early 2020 under its interpretation of … a hearing especially if its as large as this This is when bills get to hear from the public and they can change …

By Celia Young |October 20, 2023 - 3:00PM