#fare-act

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fromGothamist
5 days ago

NYC tenants filed hundreds of complaints about forced broker fees since they were banned

Prior to June, New York City renters were often charged a hefty fee, equal to a month's rent or more, to a broker before signing a lease on a new apartment, even if they found the unit by themselves without any help. That changed after enforcement of the Fairness in Apartment Rental Expenses, or FARE, Act began June 11. The new measure requires whoever hires the broker to pay their fee and to disclose all upfront costs.
New York City
#streeteasy
NYC real estate
fromtherealdeal.com
4 months ago

StreetEasy listings drop by more than 1,000 day 1 of FARE Act passage

The implementation of the FARE Act has led to a significant drop in rental listings on StreetEasy shortly after its enactment.
NYC real estate
fromtherealdeal.com
4 months ago

StreetEasy listings drop by more than 1,000 day 1 of FARE Act passage

The implementation of the FARE Act has led to a significant drop in rental listings on StreetEasy shortly after its enactment.
Brooklyn
fromwww.amny.com
1 week ago

Brooklyn lawmaker Chi Osse neither confirms nor denies report of potential challenge to House Democratic Leader Hakeem Jeffries | amNewYork

Brooklyn City Council Member Chi Osse is privately considering, but has not confirmed, a possible primary challenge to House Democratic Leader Hakeem Jeffries.
New York City
fromtherealdeal.com
1 month ago

Manhattan rents end record streak as Brooklyn notches new high

Median Manhattan rent for new brokered leases fell to $4,600 in August, ending a streak of record highs while remaining historically high.
#new-york-city
NYC real estate
fromBusiness Insider
4 months ago

New York renters will save a ton of money on moving starting today

The FARE Act reduces upfront rental costs by shifting broker fee responsibility to landlords.
Economists predict minimal impact on overall rental prices despite critics' concerns.
NYC real estate
fromYahoo Finance
4 months ago

It's official! Tenant-paid rental broker fees in New York City are history.

New York City renters no longer pay broker fees thanks to the new FARE Act, significantly reducing upfront costs for moving into an apartment.
NYC real estate
fromBusiness Insider
4 months ago

New York renters will save a ton of money on moving starting today

The FARE Act reduces upfront rental costs by shifting broker fee responsibility to landlords.
Economists predict minimal impact on overall rental prices despite critics' concerns.
#real-estate
NYC real estate
fromtherealdeal.com
4 months ago

Judge declines to halt NYC's broker fee bill

The FARE Act mandates landlords pay broker fees, shifting costs from tenants to landlords, while a legal challenge by REBNY has been denied.
NYC real estate
fromtherealdeal.com
4 months ago

Judge declines to halt NYC's broker fee bill

The FARE Act mandates landlords pay broker fees, shifting costs from tenants to landlords, while a legal challenge by REBNY has been denied.
fromtherealdeal.com
3 months ago

Manhattan rents notch five-month streak of record prices, with no signs of slowing

Manhattan's median rent surged to a record $4,625 in June, marking a 7.6% increase from the previous year due to elevated mortgage rates and economic uncertainty.
NYC real estate
NYC real estate
fromsilive
4 months ago

What every NYC renter needs to know about the game-changing FARE Act before signing a lease

New NYC real estate law mandates clear disclosure of rental costs and shifts broker fee responsibility, but fees are still applicable based on who hires the agent.
#new-york
fromSFGATE
4 months ago
Boston real estate

Boston Is the Last Major U.S. City With Tenant-Paid Broker Fees: The Cost of Moving Compared to New York

Boston real estate
fromSFGATE
4 months ago

Boston Is the Last Major U.S. City With Tenant-Paid Broker Fees: The Cost of Moving Compared to New York

New York's FARE Act shifts broker fee responsibility to landlords, relieving tenants of a significant upfront cost.
Brooklyn
fromBrooklyn Eagle
4 months ago

FARE ACT, now in effect, bars landlords from passing broker fees onto tenants

The FARE Act prohibits landlords from passing broker fees to tenants, enhancing rental cost transparency.
NYC real estate
fromCity Limits
4 months ago

What Renters Should Know As NYC's Broker Fees Ban Kicks In

The FARE Act empowers renters by eliminating forced broker fees, shifting accountability to tenants who must report violations.
#rental-market
NYC real estate
fromDwell
4 months ago

Good Riddance to New York City's Tenant-Paid Broker's Fee

The FARE Act shifts broker's fees from renters to landlords, promising fairer rental conditions in New York City.
NYC real estate
fromDwell
4 months ago

Good Riddance to New York City's Tenant-Paid Broker's Fee

The FARE Act shifts broker's fees from renters to landlords, promising fairer rental conditions in New York City.
NYC real estate
fromCurbed
4 months ago

How Landlords Are Preparing for the End of the Broker Fee

The FARE Act forces landlords to cover broker fees, leading to increased rents for tenants.
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