Massachusetts has passed a law eliminating tenant-paid broker's fees, thus shifting the financial responsibility to landlords. This change targets the expensive rental market in Boston, addressing median rents which have reached $3,009 per month. Critics raise concerns about the potential for rent increases as landlords may adjust rents to account for the costs of broker's fees. While the law aims to enhance housing affordability for tenants, some commentators argue that increasing housing supply and reducing regulations are essential for achieving true affordability.
The new Massachusetts law prohibits renters from paying broker's fees, shifting the responsibility to landlords, potentially saving renters thousands of dollars.
The change is part of an effort to address the high cost of housing in Boston, where median rents are among the highest in the nation, reaching $3,009 per month.
Critics express concerns about the law's enforceability and its potential to lead to rent increases as landlords may adjust rents to cover the broker's fees.
The law is seen as a step towards making housing more affordable for tenants, but some argue that true affordability can only be achieved through creating more housing and reducing regulations.
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