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

… shifts responsibility for most broker fees from renters to landlords will go into effect tomorrow after a judge … did not sign the legislation which meant it would take six months to go into effect rather than immediately The Real … Renters who hire an agent for example to show them multiple apartments in their budget will still be required to

By Jennifer White Karp |June 10, 2025 - 3:00PM
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 dont get tripped up at lease renewal time Concessions are …

By Jennifer White Karp |January 15, 2025 - 2:30PM
NYC broker fee bill becomes law without Adams’s signature

… a law  UPDATE The Real Estate Board of New York  filed a lawsuit to block the FARE Act in Manhattan federal court … to inform New Yorkers about the new law In the past NYC renters have paid broker fees of 10 to 15 percent of the … the citys most affordable apartmentsparticularly frustrated renters The FARE Act scored significant support from the …

By Celia Young |December 16, 2024 - 3:00PM