NYC renters can pay $10K in move-in costs. FARE Act would change that: Pol
NEW YORK CITY (PIX11) -- New York City renters can pay over $10,000 in move-in costs thanks to hefty broker fees, but the FARE Act could change that, City Council Member Crystal Hudson said.
Hudson joined PIX on Politics to discuss the Fairness in Apartment Rental Expenses Act, which proposes that whoever hires the broker has to pay them, instead of automatically putting the expense onto the renter.
"We're simply saying whoever hires the broker pays for the broker," Hudson said.
Watch the video player for the full interview.