The Fairness in Apartment Rental Expenses (FARE) Act has been enacted in New York City, making it illegal for landlords to transfer broker fees to tenants. This law requires landlords to provide a detailed list of all required rental fees before lease signing, fostering transparency. Importantly, landlords are held responsible for any violations by their listing agents, increasing accountability. Prospective tenants are encouraged to assert their rights, and if they face violations, they can report through 311 or the DCWP's website.
The FARE Act makes it illegal for landlords to pass broker fees to tenants, ensuring transparency in rental costs and protecting consumer rights in NYC.
Landlords must now provide an itemized list of all fees before lease signing, promoting clarity in costs associated with apartment rentals for prospective tenants.
With the FARE Act, landlords are responsible for the actions of their listing agents, enhancing accountability in the rental market and safeguarding tenant rights.
Tenants believing their rights have been violated can file a complaint through 311 or the DCWP's website, empowering them to seek restitution.
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