"BOSTON - Today, on the effective date of a new state law prohibiting real estate brokers and salespersons retained by landlords from charging broker fees to prospective tenants, the Attorney General's Office (AGO) has released an advisory on the new law, highlighting obligations of landlords, brokers, and salespersons under this new law and existing law, and underscoring rights and resources for consumers."
"Hence, under updated state law, brokers and salespersons are prohibited from requiring tenants to pay for services provided to their landlord. Under existing law, landlords and property managers are still prohibited from charging any amount at or prior to the start of a tenancy other than the first month's rent, last month's rent, a security deposit, and the actual cost of changing a lock for the tenants."
The new state law became effective August 1 and prohibits real estate brokers and salespersons retained by landlords from charging broker fees to prospective tenants. Brokers and salespersons may not require tenants to pay for services primarily provided to a landlord. Landlords and property managers remain barred from charging any amount at or before tenancy start except first month's rent, last month's rent, a security deposit, and the actual cost to change a lock. Tenants retain the option to hire and pay their own broker to represent their interests. The Attorney General's Office issued an advisory clarifying obligations for landlords, brokers, and salespersons and outlining tenants' rights and available resources.
Read at Boston Condos For Sale Ford Realty
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