FARE Act takes effect: What NYC renters need to know about the new broker fee law

… of the annual rent the Fairness in Apartment Rentals FARE Act removes a significant upfront cost to renterssaving … rolling the fees into higher rents in anticipation of the FARE Acts startin effect spreading the cost over the term of … on this below In November the City Council approved the Fare Act introduced by Council member Chi Ossé with a …

By Jennifer White Karp |June 10, 2025 - 3:00PM
A wet, hot, broker fee-free summer? A major change to rental broker fees is supposed to start in June

… the broker they hire starting on June 11th according to the NYC Department of Consumer and Worker Protection The new law … handful of brokerages sued to block the law in December The court heard REBNY and the citys arguments at the start of … Underground reached out to eight of the top brokerages in NYC to talk about what renting under the FARE Act could look …

By Celia Young |May 12, 2025 - 1:30PM
Moving to NYC after college? Here's how to find a rental apartment

… graduates who are combing listings for a place to live in NYCyou are also competing with other newcomers who may be … … For other important conversation topics check out The 21 best questions to ask potential roommates And  these … information handy too as will any potential guarantors Its best to have all that paperwork assembled and ready to go …

By Evelyn Battaglia |April 15, 2025 - 10:00AM
NYC neighborhoods with the highest shares of concessions for renters

… Concessions can make renting temporarily more affordable if you know how to find a landlord or developer who is offering them Just … broker fees or the owner paying the rent typically one month but sometimes more Were seeing rent concessions range …

By Jennifer White Karp |January 15, 2025 - 2:30PM