By Manhattan Real Estate Tracker, December 18, 2024
FARE Act Passed by New York City Council
The FARE Act, also known as Introduction 360-A, became law on December 14, 2024. Mayor Adams did not sign the law. The new rule forbids landlords from charging potential tenants the fees of brokers they engage, and it will go into force 180 days after it is passed.
The full press release by the City Council can be found here.