{"id":174,"date":"2023-06-22T21:19:26","date_gmt":"2023-06-22T21:19:26","guid":{"rendered":"https:\/\/council.nyc.gov\/chi-osse\/?p=174"},"modified":"2026-01-13T15:42:20","modified_gmt":"2026-01-13T15:42:20","slug":"council-member-chi-osse-introduces-fare-act","status":"publish","type":"post","link":"https:\/\/council.nyc.gov\/chi-osse\/2023\/06\/22\/council-member-chi-osse-introduces-fare-act\/","title":{"rendered":"Council Member Chi Oss\u00e9 Introduces FARE Act"},"content":{"rendered":"<p><strong><em>The Fairness in Apartment Rental Expenses Act would require that the party that hires a broker pays the broker fee:<\/em><\/strong><\/p>\n<p><strong>New York, NY:\u00a0<\/strong>At a full City Council Stated Meeting this afternoon, Council Member Chi Oss\u00e9 introduced Intro 1105, or the Fairness in Apartment Rentals Act. The FARE Act\u2019s co-prime sponsors are Council Members Shaun Abreu and Oswald Feliz, both of whom worked for years as tenant lawyers prior to entering public office.<\/p>\n<p>Currently, tenants end up paying broker fees when moving into a new rental, even if the landlord hired the broker.&nbsp;<strong>This bill will ensure that the hiring party, whether tenant or landlord, pays the broker.&nbsp;<\/strong><\/p>\n<p>The FARE Act would not restrict broker fees in any way. Brokers would continue to charge for the services they provide.&nbsp;<\/p>\n<p>\u201cThis bill is common sense,\u201d&nbsp;<strong>said Council Member Chi Oss\u00e9.&nbsp;<\/strong>\u201cIn every other transaction, the party who hires a service pays for the service. New York is unique among major cities in America in having tenants often paying the fee for a broker\u2019s services. This bill is simple and fair in assigning that cost to whoever sought the service. Also, to address the fear that landlords who pay the fee would simply pass the costs onto tenants: It should be noted that even if some portion of the cost were passed onto tenants as rent, it would be distributed over the course of 12 or 24 months, alleviating the prohibitive upfront costs.\u201d<\/p>\n<p>\u201cFinding an affordable apartment in New York City is a nightmare \u2014 and the towering cost of rent is just the beginning,\u201d\u00a0<strong>said Council Member Shaun Abreu<\/strong>. \u201cOn top of application fees, the real kicker for prospective renters is the broker fee, which a tenant is often asked to cough up and can be upwards of a month\u2019s rent for a service the landlord sought out. It isn\u2019t fair to ask tenants to assume the costs for a broker they did not hire. If we are serious about empowering tenants, tackling our affordability crisis, and protecting renters across this city, we must be united in defense of the FARE Act. I am proud to stand with Council Member Oss\u00e9 in support of this bill.\u201d<\/p>\n<p>Council Member Oss\u00e9\u2019s office remains available for further comment.<\/p>\n<p class=\"has-text-align-center\">###<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong><em>The Fairness in Apartment Rental Expenses Act would require that the party that hires a broker pays the broker fee:<\/em><\/strong><\/p>\n<p><strong>New York, NY:\u00a0<\/strong>At a full City Council Stated Meeting this afternoon, Council Member Chi Oss\u00e9 introduced Intro 1105, or the Fairness in Apartment Rentals Act. The FARE Act\u2019s co-prime sponsors are Council Members Shaun Abreu and Oswald Feliz, both of whom worked for years as tenant lawyers prior to entering public office.<\/p>\n<p>&#8230;<\/p>\n<p><strong><small><a href=\"https:\/\/council.nyc.gov\/chi-osse\/2023\/06\/22\/council-member-chi-osse-introduces-fare-act\/\">READ MORE<\/a><\/small><\/strong><\/p>\n","protected":false},"author":339,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-174","post","type-post","status-publish","format-standard","hentry","category-statements-press-releases"],"_links":{"self":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/posts\/174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/users\/339"}],"replies":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/comments?post=174"}],"version-history":[{"count":0,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/posts\/174\/revisions"}],"wp:attachment":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/media?parent=174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/categories?post=174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/tags?post=174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}