New York renters would no longer be on the hook for costly broker fees when signing a new apartment lease, under a measure passed by the city council Wednesday.

Sometimes good intentions do not get the results that you’re looking for,” said Mayor Eric Adams, declining to say whether he’d sign or veto the bill if passed.

The New York City Council passed a bill Wednesday to have NYC landlords pay for broker fees, instead of tenants.

The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees.

The New York City Council passed, in a 42-8 vote, a bill that will put an end to forcing tenant-paid brokers fees, as the city looks for strategies to tackle the housing affordability crisis. Now, whoever hires the broker will have to pay their fees.

A New York City Council bill that will shift the burden of paying broker fees to landlords could have “unintended consequences” that lead to higher rents, Mayor Eric Adams said. The New York City Council passed a bill on Wednesday that requires landlords to pay the fee when they hire a