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by jackkinsella
846 days ago
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In Germany, it used to the case that renters would be forced to pay the broker fee. At this point, it was typically three month's rent. But the government created a law Bestellerprinzip (Orderer principle) that made it a requirement that the person who initiated the contract with the broker (nearly always the landlord) must also pay the fee. The fee magically dropped to one month's rent and less since that point; now that the less desperate party had to foot the bill, they were unwilling to tolerate the high prices. NYC needs the same legislation. |
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