FARE Act (Fairness in Apartment Rental Expenses Act)
The FARE Act is a New York City local law, in effect since June 11, 2025, providing that the party who hires a rental broker pays that broker's fee. Landlords and their agents may not pass the fee for a landlord-hired broker to the tenant, and all fees a tenant must pay to sign a lease must be disclosed up front in listings and rental agreements. The law is enforced by the NYC Department of Consumer and Worker Protection (DCWP).
- Where it applies
- New York City
- When it comes up
- Listing; marketing; lease execution
- Property types
- Residential rentals
In practice
Post-FARE, tenant placement is a landlord-paid line item - which repriced the leasing decision for owners citywide. Listings must state total tenant-payable move-in costs; non-compliant fee demands are DCWP-complaint territory.
Read more in the Knowledge Base
- FARE Act and Broker Fee Rules in NYC: Landlord Compliance and Listing StrategyLandlords
- No-Fee vs Broker-Fee Listings After the FARE ActRenters
- The FARE Act - Who Pays the Broker Fee in NYC NowRenters
- Broker Fee Regulatory Framework - NYC FARE Act Compliance for LandlordsLandlords
- Application Fees - What NYC Landlords Can Legally ChargeRenters
Related terms
Rent Regulation (NYS/NYC)
- CityFHEPS
- DRIE (Disability Rent Increase Exemption)
- Individual Apartment Improvement (IAI) Increase
- Legal Regulated Rent
- Major Capital Improvement (MCI) Increase
- New York City Rent Guidelines Board (RGB)
- New York State Division of Housing and Community Renewal (DHCR/HCR)
- Preferential Rent
- Renewal Lease Notice Window (90-150 Days)
- Rent Control
General information, not legal, tax or financial advice.