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Assembly Bill A1867A

2025-2026 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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Bill Amendments

co-Sponsors

2025-A1867 - Details

See Senate Version of this Bill:
S2134
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-511, NYC Ad Cd
Versions Introduced in 2023-2024 Legislative Session:
A6276, S2015

2025-A1867 - 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 such owner has the financial ability to complete demolition of the building.

2025-A1867 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1867
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 14, 2025
                                ___________
 
 Introduced  by  M. of A. ROSENTHAL, EPSTEIN, BICHOTTE HERMELYN, BURDICK,
   SEAWRIGHT -- 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] SUCH OWNER ESTABLISHES TO  THE  SATISFACTION  OF
 THE  DIVISION  OF  HOUSING  AND  COMMUNITY  RENEWAL THAT SUCH OWNER: (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.
                                                            LBD04702-01-5

co-Sponsors

2025-A1867A (ACTIVE) - Details

See Senate Version of this Bill:
S2134
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-511, NYC Ad Cd
Versions Introduced in 2023-2024 Legislative Session:
A6276, S2015

2025-A1867A (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 such owner has the financial ability to complete demolition of the building.

2025-A1867A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1867--A
                                                          Cal. No. 17
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 14, 2025
                                ___________
 
 Introduced  by  M. of A. ROSENTHAL, EPSTEIN, BICHOTTE HERMELYN, BURDICK,
   SEAWRIGHT, COLTON, LEE -- 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] SUCH OWNER ESTABLISHES TO THE SATISFACTION OF
 THE DIVISION OF HOUSING AND  COMMUNITY  RENEWAL  THAT  SUCH  OWNER:  (I)
 intends  in  good  faith  to  demolish  the building 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 HAS SUBMITTED PLANS FOR THE CONSTRUCTION OF A NEW  BUILDING  TO  THE
 DEPARTMENT OF BUILDINGS FOR APPROVAL; AND (III) HAS THE FINANCIAL ABILI-
 TY TO COMPLETE SUCH DEMOLITION AND CONSTRUCTION; 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.
                                                            LBD04702-02-5

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