senate Bill S7732

2011-2012 Legislative Session

Requires the stabilization code in the city of New York to provide for the automatic renewal, at the option of the owner, of leases not timely renewed

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 15, 2012 referred to rules

S7732 - Details

Law Section:
New York City Administrative Code
Laws Affected:
Amd ยง26-511, NYC Ad Cd

S7732 - Summary

Requires the stabilization code in the city of New York to provide for the automatic renewal, at the option of the owner, of leases not timely renewed.

S7732 - Sponsor Memo

S7732 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7732

                            I N  S E N A T E

                              June 15, 2012
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to  requiring  that the stabilization code provide that upon
  the failure of the tenant to timely renew his or her lease  or  rental
  agreement, such lease or agreement may be deemed to have been renewed

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision c of section 26-511 of the administrative  code
of  the city of New York is amended by adding a new paragraph 15 to read
as follows:
  (15) PROVIDES THAT, NOTWITHSTANDING THE PROVISIONS OF ANY  OTHER  LAW,
WHERE  THE  TENANT  FAILS  TO  TIMELY  RENEW AN EXPIRING LEASE OR RENTAL
AGREEMENT OFFERED PURSUANT TO THIS LAW, AND REMAINS IN  OCCUPANCY  AFTER
EXPIRATION OF THE LEASE, SUCH LEASE OR RENTAL AGREEMENT MAY BE DEEMED TO
HAVE BEEN RENEWED UPON THE SAME TERMS AND CONDITIONS, AT THE LEGAL REGU-
LATED  RENT,  TOGETHER  WITH  ANY GUIDELINES ADJUSTMENTS THAT WOULD HAVE
BEEN APPLICABLE HAD THE OFFER OF A RENEWAL LEASE BEEN  TIMELY  ACCEPTED.
THE EFFECTIVE DATE OF THE RENT ADJUSTMENT UNDER THE DEEMED RENEWAL LEASE
SHALL  COMMENCE  ON  THE  FIRST RENT PAYMENT DATE OCCURRING NO LESS THAN
NINETY DAYS AFTER SUCH OFFER IS MADE BY THE OWNER.  NOTWITHSTANDING  THE
FOREGOING,  AN  OWNER  MAY  ELECT TO COMMENCE AN ACTION OR PROCEEDING TO
RECOVER POSSESSION OF A HOUSING ACCOMMODATION IN A  COURT  OF  COMPETENT
JURISDICTION WHERE THE TENANT, UPON THE EXPIRATION OF THE EXISTING LEASE
OR  RENTAL  AGREEMENT,  FAILS  TO  TIMELY RENEW SUCH LEASE IN THE MANNER
PRESCRIBED BY LAW.
  S 2. This act shall take effect on the thirtieth day  after  it  shall
have become a law; and provided that the amendments to section 26-511 of
chapter 4 of title 26 of the administrative code of the city of New York
made  by  section  one of this act shall expire on the same date as such
law expires and shall not affect the expiration of such law as  provided
under section 26-520 of such law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16284-01-2

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