New York City to approve bill to prevent tenants from paying brokers hired by landlords

Move would significantly lower upfront expenses for renters in city with one of the world's highest costs of living

The New York City council is expected to approve a bill on Wednesday that would prevent tenants from having to pay fees to brokers hired by landlords.

The move would 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.