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

… law that shifts responsibility for most broker fees from renters to landlords will go into effect tomorrow after a … a significant upfront cost to renterssaving renters an average of $5404 according to a new StreetEasy report  Its a … in advance in a renter agreement such as fees for lost keys pets and moveinmoveout … Slightly higher monthly rents … One …

By Jennifer White Karp |June 10, 2025 - 3:00PM