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S04257 Summary:

BILL NOS04257B
 
SAME ASSAME AS A07364-A
 
SPONSORRIVERA
 
COSPNSRJACKSON, SEPULVEDA
 
MLTSPNSR
 
Add Title 22 Chap 13 §§22-1301 & 22-1302, NYC Ad Cd
 
Ensures that commercial tenants receive a lease; defines terms within leases; establishes requirements for commercial lease contracts.
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S04257 Actions:

BILL NOS04257B
 
02/03/2021REFERRED TO CITIES 1
03/09/20211ST REPORT CAL.550
03/10/20212ND REPORT CAL.
03/11/2021ADVANCED TO THIRD READING
05/11/2021AMENDED ON THIRD READING 4257A
06/01/2021AMENDED ON THIRD READING 4257B
06/10/2021COMMITTED TO RULES
01/05/2022REFERRED TO CITIES 1
03/22/20221ST REPORT CAL.728
03/23/20222ND REPORT CAL.
03/24/2022ADVANCED TO THIRD READING
06/03/2022COMMITTED TO RULES
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S04257 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         4257--B
            Cal. No. 550
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                    February 3, 2021
                                       ___________
 
        Introduced  by  Sens. RIVERA, JACKSON -- read twice and ordered printed,
          and when printed to be committed to  the  Committee  on  Cities  1  --
          reported  favorably  from  said committee, ordered to first and second
          report, ordered to a third reading,  amended  and  ordered  reprinted,
          retaining its place in the order of third reading -- again amended and
          ordered reprinted, retaining its place in the order of third reading
 
        AN  ACT  to  amend  the  administrative code of the city of New York, in
          relation to requiring contracts for a commercial lease
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. Title 22 of the administrative code of the city of New York
     2  is amended by adding a new chapter 13 to read as follows:
     3                                  CHAPTER 13
     4                         COMMERCIAL LEASE CONTRACTS
     5    §  22-1301  Definitions.  As  used in this chapter the following terms
     6  have the following meanings:
     7    1. "Written contract" means  a  commercial  lease  or  lease  for  the
     8  purposes  of  renting a commercial property, that shall be provided to a
     9  commercial tenant as an official agreement on contract terms.
    10    2. "Commercial tenant" means a lessee or entity that  is  entering  an
    11  agreement to rent and lawfully occupy the commercial property.
    12    3.  "Commercial  lease"  means a written contract provided on paper or
    13  electronically.
    14    4. "Commercial property" means any non-residential real estate proper-
    15  ty that is owned or used for business purposes.
    16    5. "Property owner" means a person, landlord, owner,  or  entity  that
    17  owns or manages a commercial property.
    18    §  22-1302 Commercial lease contract requirements. 1. A landlord shall
    19  provide a written contract to a commercial tenant. Such written contract
    20  must include, but is not limited to, the:
    21    a. address of the property and a description of the space leased;
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08123-04-1

        S. 4257--B                          2
 
     1    b. contact information for the  property  owner  or  manager  and  the
     2  primary contact of the business, all contacts preferred by those parties
     3  should  be included on the lease, which shall not be limited to only one
     4  contact;
     5    c. term of the lease, with the date of commencement and date of termi-
     6  nation of such term;
     7    d.  lease  extension  or  renewal information if any renewal option is
     8  provided with the date or dates on which such extension or  renewal  are
     9  exercisable;
    10    e. monthly rent and due date;
    11    f. any terms that may result in termination of the written contract or
    12  additional fees and charges;
    13    g.  explanation  of  any  additional  fees or charges, if any, such as
    14  contribution to property taxes, insurance, maintenance, facade or struc-
    15  tural repairs, or utilities, whether this is consecutive or  a  one-time
    16  payment; and
    17    h.  all  the  responsibilities for the commercial tenant and the land-
    18  lord, if any.
    19    2. Commercial tenants may request that the start date  of  tenancy  or
    20  other  relevant  information  to prove occupancy and duration thereof be
    21  included or excluded in a written contract.
    22    3. Commercial tenants have the right to,  upon  request,  receive  any
    23  information listed under subdivision one of this section.
    24    4.  Commercial tenants who do not receive a written contract including
    25  items required by this section shall be legally allowed to:
    26    a. continue their tenancy until the contract is provided;
    27    b. withhold rent payment after thirty days without a contract; and
    28    c. suspend payment on the sixty-first day without  a  lease.  Property
    29  owners  who  do  not  provided  a  lease  within  sixty days forfeit the
    30  payments for that time period prior and until the issuance of the lease.
    31    § 2. This act shall take effect immediately and  shall  apply  to  all
    32  contracts  entered  into,  renewed, modified or amended on or after such
    33  effective date.
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