Commercial and residential brokers alike see big changes in store for New York’s real estate market under the state’s new rent reform proposals. One thing they agree on: those changes won’t be good. Residential brokers zeroed in on the proposal that would limit security deposits to one month’s rent, saying it could severely restrict the types of tenants who can qualify for apartments. Bond Real Estate’s Douglas Wagner said foreign clients with no U.S. credit […]
source https://therealdeal.com/2019/06/13/brokers-on-rent-law-proposal-this-is-going-to-harm-tenants/
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