Senate Bill S7571

2021-2022 Legislative Session

Establishes commercial rent regulation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Cities 1 Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-S7571 (ACTIVE) - Details

See Assembly Version of this Bill:
A3110
Current Committee:
Senate Cities 1
Law Section:
New York City Administrative Code
Laws Affected:
Add Title 22 Chap 12 §§22-1201 - 22-1208, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2019-2020: A8051
2023-2024: S5466, A2459

2021-S7571 (ACTIVE) - Summary

Relates to establishing commercial rent regulation; establishes a right to renew leases and authorizes the rent guidelines board to establish maximum rents.

2021-S7571 (ACTIVE) - Sponsor Memo

2021-S7571 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7571
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             December 6, 2021
                                ___________
 
 Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the administrative code of the  city  of  New  York,  in
   relation to establishing commercial rent regulation
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Title 22 of the administrative code of the city of New York
 is amended by adding a new chapter 12 to read as follows:
                                CHAPTER 12
                        COMMERCIAL RENT REGULATION
 
   § 22-1201 SCOPE. THIS CHAPTER SHALL APPLY TO ALL LEASES FOR COMMERCIAL
 PREMISES. ON ANY OCCASION WHEREIN A LANDLORD AND TENANT ARE REQUIRED  TO
 NEGOTIATE  THE  TERMS  OF  A LEASE FOR COMMERCIAL USES THE PROVISIONS OF
 THIS CHAPTER SHALL APPLY. THE PROVISIONS OF THIS CHAPTER SHALL APPLY  TO
 ANY  COMMERCIAL  LEASE ENTERED INTO ON OR AFTER OCTOBER FIRST, TWO THOU-
 SAND TWENTY-TWO.
   § 22-1202 DEFINITIONS. A. "COMMERCIAL PREMISES" SHALL MEAN A  BUILDING
 OR SPACE OCCUPIED FOR NON-RESIDENTIAL PURPOSES INCLUDING, BUT NOT LIMIT-
 ED  TO,  MANUFACTURING, RETAIL, PROFESSIONAL SERVICES, OFFICES, ASSEMBL-
 ING, PROCESSING, CULTURAL AND NOT-FOR-PROFIT ENTITIES THAT  ARE  PRESENT
 IN THE CITY OF NEW YORK, WHO HAVE A VALID COMMERCIAL LEASE.
   B.  "LANDLORD" SHALL MEAN ANY OWNER, LESSOR, SUBLESSOR OR OTHER PERSON
 ENTITLED TO RECEIVE RENT FOR THE USE  OR  OCCUPANCY  OF  ANY  COMMERCIAL
 PREMISES, OR AN AGENT THEREOF.
   C. "NEGOTIATION" SHALL MEAN THE PROCESS OF CONFERRING WITH ONE ANOTHER
 THROUGH CONFERENCES, DISCUSSIONS AND COMPROMISE, TO ARRIVE AT A MUTUALLY
 AGREEABLE SETTLEMENT.
   D.  "RENT"  SHALL  MEAN  ANY  AND ALL CONSIDERATION, INCLUDING BUT NOT
 LIMITED TO PASS-ALONGS, RECEIVED BY THE LANDLORD IN CONNECTION WITH  THE
 USE OR OCCUPANCY OF ANY COMMERCIAL PREMISES.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03635-01-1
              

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