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 … the changes you can expect as a result of the FARE Act and what you should watch for … Fines for violating the FARE Act … 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
New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance

… Some New York City renters could gain a path to buying their … under legislation passed in the whopping $254 billion New York state budget last month The budget lowers the … or wouldbebuyers that would need to agree to convert some newer large apartment buildings from rental to condo Its one …

By Celia Young |May 22, 2025 - 10:30AM