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Assembly Bill A6276A

2023-2024 Legislative Session

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code

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Archive: Last Bill Status - On Floor Calendar

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Bill Amendments

co-Sponsors

2023-A6276 - Details

See Senate Version of this Bill:
S2015
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-511, NYC Ad Cd
Versions Introduced in 2025-2026 Legislative Session:
A1867, S2134

2023-A6276 - Summary

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code; requires the owner of a building to be demolished to prove that he or she has the financial ability to complete demolition of the building.

2023-A6276 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6276
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 3, 2023
                                ___________
 
 Introduced  by  M.  of  A. L. ROSENTHAL -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend the administrative code of the  city  of  New  York,  in
   relation  to  requirements  for  a building owner to refuse to renew a
   lease when the building is to be demolished

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph (a) of paragraph 9 of subdivision c of section
 26-511  of the administrative code of the city of New York is amended to
 read as follows:
   (a) where he or she ESTABLISHES TO THE SATISFACTION OF THE DIVISION OF
 HOUSING AND COMMUNITY RENEWAL THAT HE OR SHE: (I) intends in good  faith
 to  demolish  the  building [and] AND CONSTRUCT A NEW BUILDING; (II) has
 obtained FROM THE DEPARTMENT OF BUILDINGS a permit  [therefor  from  the
 department  of buildings] FOR SUCH DEMOLITION PROJECT AND APPROVED PLANS
 FOR THE NEW BUILDING CONSTRUCTION PROJECT; AND (III) HAS  THE  FINANCIAL
 ABILITY TO COMPLETE SAME; or
   § 2. This act shall take effect immediately and shall be applicable to
 any  proceeding  currently  pending before the division of  housing  and
 community  renewal or to any appeal from any such  proceeding;  provided
 that  the amendments to subparagraph (a) of paragraph 9 of subdivision c
 of section 26-511 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
 section expires and shall not affect the expiration of such  section  as
 provided in section 26-520 of such code.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05597-05-3

co-Sponsors

2023-A6276A (ACTIVE) - Details

See Senate Version of this Bill:
S2015
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-511, NYC Ad Cd
Versions Introduced in 2025-2026 Legislative Session:
A1867, S2134

2023-A6276A (ACTIVE) - Summary

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code; requires the owner of a building to be demolished to prove that he or she has the financial ability to complete demolition of the building.

2023-A6276A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6276--A
                                                         Cal. No. 182
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 3, 2023
                                ___________
 
 Introduced by M. of A. L. ROSENTHAL, EPSTEIN, BICHOTTE HERMELYN, BURDICK
   -- read once and referred to the Committee on Housing -- reported from
   committee, advanced to a third reading, amended and ordered reprinted,
   retaining its place on the order of third reading

 AN  ACT  to  amend  the  administrative code of the city of New York, in
   relation to requirements for a building owner to  refuse  to  renew  a
   lease when the building is to be demolished
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph (a) of paragraph 9 of subdivision c of section
 26-511 of the administrative code of the city of New York is amended  to
 read as follows:
   (a) where he or she ESTABLISHES TO THE SATISFACTION OF THE DIVISION OF
 HOUSING  AND COMMUNITY RENEWAL THAT HE OR SHE: (I) intends in good faith
 to demolish the building [and] AND CONSTRUCT A NEW  BUILDING;  (II)  has
 obtained  FROM  THE  DEPARTMENT OF BUILDINGS a permit [therefor from the
 department of buildings] FOR SUCH DEMOLITION PROJECT AND APPROVED  PLANS
 FOR  THE  NEW BUILDING CONSTRUCTION PROJECT; AND (III) HAS THE FINANCIAL
 ABILITY TO COMPLETE SAME; or
   § 2. This act shall take effect immediately; provided that the  amend-
 ments  to  subparagraph  (a)  of paragraph 9 of subdivision c of section
 26-511 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 section
 expires and shall not affect the expiration of such section as  provided
 in section 26-520 of such code.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05597-07-3

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