One year ago, the City Council upended how apartments are rented in New York City.  On November 13, 2024, the Council approved the Fairness in Apartment Rental Expenses (FARE) Act, a measure that banned forcing tenants to pay fees for rental brokers they did not hire.  The bill’s approval was the culmination of years of efforts to reform a system that often cost tenants thousands of extra dollars to secure an apartment. Proponents of the FARE Act argued that this dynamic gave landlords more leverage to raise rents at lease renewal, knowing that tenants likely wanted to avoid those upfront […]

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