The real estate landscape isn’t just changing for buyers—renters are seeing big wins too. As we head into 2025, new regulations in New York City are helping level the playing field for renters and redefining what it means to find a home in the city.
One of the most impactful changes comes from the Fair Chance Housing Act, a bold move aimed at promoting fair housing opportunities. With this new act, landlords are limited in their ability to consider an applicant’s criminal history, and they are only allowed to conduct a criminal background check after an offer of housing has been made.
This shift not only reduces barriers to housing for many individuals with past convictions, but it also encourages a more inclusive and diverse rental market. Neighborhoods can grow more organically, drawing from a wider pool of residents, and giving more people a genuine second chance.
But the effects don’t stop with tenants. Real estate investors and landlords will also need to adapt. They will need to comply with these new regulations which may impact their decision to rent or influence how they manage rental properties overall. Staying compliant won’t just be important—it’ll be essential.
Another major victory for renters? The FARE Act, which bans landlords from passing brokerage fees onto prospective tenants. This means no more surprise costs just for the privilege of applying for an apartment, giving renters a clearer picture of what they’ll actually pay upfront.
Together, these new rules are setting a precedent for renter-friendly policies, making it easier—and fairer—to find a place to live in New York City. Whether you’re a longtime renter, a first-time apartment hunter, or a landlord rethinking your strategy, these updates are well worth watching.
2025 may just be a banner year for renters as redefined rules spread out across the country.
LK Marketing and Real Estate 
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