Epstein, Bichotte Hermelyn, Burdick, Seawright, Colton, Lee
MLTSPNSR
Amd §26-511, NYC Ad Cd
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.
STATE OF NEW YORK
________________________________________________________________________
1867--A
Cal. No. 17
2025-2026 Regular Sessions
IN ASSEMBLY
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:
1 Section 1. Subparagraph (a) of paragraph 9 of subdivision c of section
2 26-511 of the administrative code of the city of New York is amended to
3 read as follows:
4 (a) where [he or she] such owner establishes to the satisfaction of
5 the division of housing and community renewal that such owner: (i)
6 intends in good faith to demolish the building and construct a new
7 building; (ii) has obtained from the department of buildings a permit
8 [therefor from the department of buildings] for such demolition project
9 and has submitted plans for the construction of a new building to the
10 department of buildings for approval; and (iii) has the financial abili-
11 ty to complete such demolition and construction; or
12 § 2. This act shall take effect immediately; provided that the amend-
13 ments to subparagraph (a) of paragraph 9 of subdivision c of section
14 26-511 of the administrative code of the city of New York made by
15 section one of this act shall expire on the same date as such section
16 expires and shall not affect the expiration of such section as provided
17 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
