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S2134 • 2025

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Liz Krueger
Last action
2026-06-01
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code 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.

What This Bill Does

  • Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code 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.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-01 Senate

    PASSED SENATE

  2. 2026-06-01 Senate

    DELIVERED TO ASSEMBLY

  3. 2026-06-01 Assembly

    REFERRED TO HOUSING

  4. 2026-03-23 Senate

    ADVANCED TO THIRD READING

  5. 2026-03-19 Senate

    2ND REPORT CAL.

  6. 2026-03-18 Senate

    1ST REPORT CAL.576

  7. 2026-01-07 Assembly

    DIED IN ASSEMBLY

  8. 2026-01-07 Assembly

    RETURNED TO SENATE

  9. 2026-01-07 Senate

    REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

  10. 2025-06-10 Senate

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

  11. 2025-06-10 Senate

    ORDERED TO THIRD READING CAL.1732

  12. 2025-06-10 Senate

    PASSED SENATE

  13. 2025-06-10 Senate

    DELIVERED TO ASSEMBLY

  14. 2025-06-10 Assembly

    REFERRED TO HOUSING

  15. 2025-05-20 Senate

    AMEND AND RECOMMIT TO CITIES 1

  16. 2025-05-20 Senate

    PRINT NUMBER 2134A

  17. 2025-04-28 Senate

    REPORTED AND COMMITTED TO CITIES 1

  18. 2025-01-15 Senate

    REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Official Summary Text

Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code
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.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          2134

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                    January 15, 2025
                                       ___________

        Introduced  by Sens. KRUEGER, JACKSON -- read twice and ordered printed,
          and when  printed  to  be  committed  to  the  Committee  on  Housing,
          Construction and Community Development

        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] 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  APPROVED PLANS FOR THE NEW BUILDING CONSTRUCTION PROJECT; AND (III)
    10  HAS THE FINANCIAL ABILITY TO COMPLETE SAME; or
    11    § 2. This act shall take effect immediately; provided that the  amend-
    12  ments  to  subparagraph  (a)  of paragraph 9 of subdivision c of section
    13  26-511 of the administrative code of  the  city  of  New  York  made  by
    14  section  one  of  this act shall expire on the same date as such section
    15  expires and shall not affect the expiration of such section as  provided
    16  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