The FARE Act is not likely to result in steeply higher rents for new leases

… Some brokers opposed to New York Citys broker fee bill argued it will raise rents significantly for new leases but that outcome does not seem likely The … Council vote in November shifts the longstanding burden in New York City of paying the broker fee from the tenant to …

By Jennifer White Karp |December 10, 2024 - 4:30PM