Bill > S02134

This bill modifies the administrative code of New York City regarding the conditions under which a building owner can refuse to renew a lease when planning to demolish a building. Currently, an owner could refuse to renew a lease if they intended to demolish the building, but the proposed changes add more stringent requirements. Specifically, the owner must now prove three things to the Division of Housing and Community Renewal: (1) they intend in good faith to demolish the existing building and construct a new one, (2) they have obtained a demolition permit from the Department of Buildings and submitted construction plans for approval, and (3) they have the financial ability to complete both the demolition and new construction. These additional provisions are designed to protect tenants by ensuring that building owners have a legitimate and financially feasible plan before being allowed to terminate leases. The bill will take effect immediately but includes a sunset provision that aligns with the expiration of the existing section of the administrative code.

Government Affairs, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S2134