A new law aimed at protecting tenants in New York City has been met with mixed results, as some landlords have taken advantage of the situation to raise rents and scammers target vulnerable renters.
The law, which was implemented last month, mostly shifts fees from tenants to landlords. However, since its implementation, some landlords have raised rents in response, taking advantage of the changed financial landscape. Meanwhile, some real estate brokers are still trying to collect fees from tenants, despite the new law.
This trend has left many tenants feeling frustrated and exploited. The issue highlights the need for greater regulation and oversight of the real estate industry in New York City.
Source: https://www.nytimes.com/2025/07/19/nyregion/nyc-broker-fee-fare-act.html