BOSTON (WHDH) – In Massachusetts, unlocking the door to a new apartment has meant shelling out a small fortune—first month’s rent, last month’s rent, a security deposit, and in many cases, a broker’s fee.
But starting Friday, renters could feel some relief. A new provision included in the $61 billion state budget requires whoever hires the broker—typically the landlord—to pay the fee.
Broker’s fees often amount to one month’s rent, adding thousands of dollars to move-in costs. Tenant advocates say the new law will make housing more accessible…