The FARE Act , NYC’s contentious legislation on broker fees, officially go into effect on Wednesday, June 11th.

Council member Chi Ossé is the brains behind the law, which requires the hiring party, not the potential renter, to be responsible for broker fees. Under the FARE Act — formally titled the Fairness in Apartment Rental Expenses (FARE) Act — if tenants are expected to cover any additional charges, property managers and brokers are required to disclose the information.

Since the bill passed in the City Council in November 2024, it’s been a highly-debated matter in the NYC rental market , but one that is welcome for those on the apartment hunt.

“We just voted to kill forced broker fees in New York City,” Council member Chi Ossé said on Instagram last November. “ Tenan

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