The good news: with the introduction of the ordering principle in rental housing brokerage, most tenants probably no longer have to pay a commission – as was usually the case until now. The bad news: probably not, but only in terms of looks. We explain here which risks are hidden. And: Why living is getting more expensive again and where rents continue to rise.
Renewals in tenancy law will come into effect on 1 July, including the long-awaited change in the remuneration of brokerage fees. This will be paid in the future by the party who commissioned the broker for the rental. That was not the case until now: as a rule, the future tenant had paid for it. But the whole thing could now become an own goal and the costs could be reflected in rents, experts warn of the next price hikes for Austrians.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
