NYC broker fee bill becomes law without Adams’s signature

… declined to sign the Fairness in Apartment Rental Expenses FARE Act within a 30day window after approval by the City … support from celebrities such as comedian Ilana Glazer Brokers criticized the bill at an explosive hearing in June … that it would encourage landlords to raise rents But its worth noting that the bills implementation falls under the …

By Celia Young |December 16, 2024 - 3:00PM
The FARE Act is not likely to result in steeply higher rents for new leases

… demand A new report from StreetEasy also concludes that the FARE Act is unlikely to result in sharply higher rents … and review platform  openigloo A prediction that the FARE Act would lead to higher rents across the board is the … made by Council member Chi Ossé who introduced the FARE Act at a rally prior to the City Council vote If your …

By Jennifer White Karp |December 10, 2024 - 4:30PM