Senate Bill S5466

2023-2024 Legislative Session

Establishes commercial rent regulation

download bill text pdf

Sponsored By

Current 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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2023-S5466 (ACTIVE) - Details

See Assembly Version of this Bill:
A2459
Current Committee:
Senate Cities 1
Law Section:
New York City Administrative Code
Laws Affected:
Add Title 22 Chap 13 §§22-1301 - 22-1308, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2019-2020: A8051
2021-2022: S7571, A3110

2023-S5466 (ACTIVE) - Summary

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

2023-S5466 (ACTIVE) - Sponsor Memo

2023-S5466 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5466
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               March 6, 2023
                                ___________
 
 Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
   printed to be committed to the Committee on Cities 1
 
 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 13 to read as follows:
 
                                CHAPTER 13
                        COMMERCIAL RENT REGULATION
 
   § 22-1301 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-FOUR.
   § 22-1302 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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06638-01-3
 S. 5466                             2
 
              

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