Assembly Bill A8266

2019-2020 Legislative Session

Relates to commercial rent protections

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A8266 (ACTIVE) - Details

See Senate Version of this Bill:
S6570
Current Committee:
Assembly Cities
Law Section:
New York City Administrative Code
Laws Affected:
Add Title 22 Chap 12 §§22-1201 - 22-1211, NYC Ad Cd
Versions Introduced in 2021-2022 Legislative Session:
S3133

2019-A8266 (ACTIVE) - Summary

Prevents landlords from raising commercial rents during a lease without a determination by an arbitrator that such rent increase is not fraudulent and is fair.

2019-A8266 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8266
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 11, 2019
                                ___________
 
 Introduced by M. of A. LENTOL -- read once and referred to the Committee
   on Cities
 
 AN  ACT  to  amend  the  administrative code of the city of New York, in
   relation to commercial rent protections
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Title 22 of the administrative code of the city of New York
 is amended by adding a new chapter 12 to read as follows:
 
                                 CHAPTER 12
                           COMMERCIAL TENANCIES
 
   §  22-1201 DEFINITIONS. A. "COMMERCIAL PREMISES" SHALL MEAN A BUILDING
 OR SPACE OCCUPIED FOR NON-RESIDENTIAL PURPOSES INCLUDING, BUT NOT LIMIT-
 ED TO, MANUFACTURING, RETAIL, PROFESSIONAL SERVICES,  OFFICES,  ASSEMBL-
 ING,  PROCESSING,  CULTURAL AND NOT-FOR-PROFIT ENTITIES THAT ARE PRESENT
 IN THE CITY OF NEW YORK, WHO HAVE A VALID COMMERCIAL LEASE.
   B. "LANDLORD" SHALL MEAN ANY OWNER, LESSOR, SUBLESSOR OR OTHER  PERSON
 ENTITLED  TO  RECEIVE  RENT  FOR  THE USE OR OCCUPANCY OF ANY COMMERCIAL
 PREMISES, OR AN AGENT THEREOF.
   C. "RENT" SHALL MEAN ANY AND  ALL  CONSIDERATION,  INCLUDING  BUT  NOT
 LIMITED  TO PASS-ALONGS, RECEIVED BY THE LANDLORD IN CONNECTION WITH THE
 USE OR OCCUPANCY OF ANY COMMERCIAL PREMISES.
   D. "TENANT" SHALL MEAN TENANT, SUBTENANT, LESSEE,  SUBLESSEE,  OR  ANY
 OTHER  PERSONS  LAWFULLY  ENTITLED TO USE OR OCCUPANCY OF ANY COMMERCIAL
 PREMISES.
   § 22-1203 COMMERCIAL RENT REQUIREMENTS. A. THE RENT FOR ANY COMMERCIAL
 PREMISES SHALL NOT BE INCREASED BY THE LANDLORD DURING THE TERM  OF  THE
 LEASE, WITHOUT THE WRITTEN CONSENT OF THE TENANT, FOR ANY REASON WITHOUT
 A  DETERMINATION BY AN ARBITRATOR THAT SUCH RENT INCREASE IS NOT FRAUDU-
 LENT AND IS NOT ABOVE THE FAIR MARKET VALUE OF THE COMMERCIAL PREMISES.

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

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