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Report Landlords Who Still Charge Broker Fees After FARE Act: NYC Councilmember
- A new law banning most upfront broker fees for tenants in New York City officially went into effect on June 11, 2025.
- This law follows the City Council's approval on November 14, 2024, overcoming a December 2024 lawsuit by the Real Estate Board of New York seeking to block its enforcement.
- Under the FARE Act, landlords must pay broker fees if they hire brokers, while tenants pay fees only when they hire brokers themselves, with fees ranging up to one month’s rent or 15% of annual rent.
- The city agency responsible for consumer and worker issues will oversee enforcement of the law, levying fines beginning at $750 for violations and accepting tenant complaints through 311 or an online portal.
- The law aims to reduce tenants’ upfront costs by about 42%, although critics warn landlords may increase rents to offset fees, while economists predict minimal rent impact overall.
16 Articles
16 Articles
NYC landlords can't require tenants to pay broker fees anymore
Excessive moving costs can now be reserved for couches and the physical toll of eating a loaded-up Subway sandwich in a moving U-Haul. New York City’s FARE Act took effect yesterday, banning landlords from requiring renters to pay broker fees. While it’s considered a win for New York renters, experts say landlords may just raise rents to make up the difference. Before yesterday, landlords could hire brokers for their properties and pass on the c…
New York City Law Banning Broker Fees for Residential Renters Comes Into Force – Knowhere News
A major change in New York City’s rental market has officially taken effect today, bringing much-needed relief to tenants. Starting June 9, 2025, renters in NYC will no longer have to pay broker fees when renting an apartment if the landlord hired the broker. This rule is part of a newly enforced law that shifts the financial responsibility from tenants to landlords—something housing advocates have been pushing for years. This change is expected…
Report landlords who still charge broker fees after FARE Act: NYC Councilmember
NEW YORK (PIX11) -- Wednesday marks a new day for renters in New York City as they no longer can be forced to pay a fee when a broker lists an apartment on behalf of a landlord. The Fairness in Apartment Rental Expenses (FARE) Act takes effect Wednesday and makes it so that tenants can no longer be charged a broker fee if the agent was hired by the building's landlord. Additionally, landlords or their agents must disclose all fees that the tenan…
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