state_legiscan_drain · NY
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.
January 15, 2025
Summary
If enacted, this bill would require building owners who refuse to renew leases under the real estate industry stabilization code to prove they have the financial ability to complete demolition. This would affect landlords and tenants in rent-stabilized buildings.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.nysenate.gov/legislation/bills/2025/S2134
Common questions
- What does "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." cover?
- If enacted, this bill would require building owners who refuse to renew leases under the real estate industry stabilization code to prove they have the…
- When was it published?
- It was published on January 15, 2025.