Bill Text: NY S07732 | 2011-2012 | General Assembly | Introduced

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Bill Title: Requires the stabilization code in the city of New York to provide for the automatic renewal, at the option of the owner, of leases not timely renewed.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-06-15 - REFERRED TO RULES [S07732 Detail]

Download: New_York-2011-S07732-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7732
                                   I N  S E N A T E
                                     June 15, 2012
                                      ___________
       Introduced  by  Sen.  YOUNG  -- 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  requiring  that the stabilization code provide that upon
         the failure of the tenant to timely renew his or her lease  or  rental
         agreement, such lease or agreement may be deemed to have been renewed
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision c of section 26-511 of the administrative  code
    2  of  the city of New York is amended by adding a new paragraph 15 to read
    3  as follows:
    4    (15) PROVIDES THAT, NOTWITHSTANDING THE PROVISIONS OF ANY  OTHER  LAW,
    5  WHERE  THE  TENANT  FAILS  TO  TIMELY  RENEW AN EXPIRING LEASE OR RENTAL
    6  AGREEMENT OFFERED PURSUANT TO THIS LAW, AND REMAINS IN  OCCUPANCY  AFTER
    7  EXPIRATION OF THE LEASE, SUCH LEASE OR RENTAL AGREEMENT MAY BE DEEMED TO
    8  HAVE BEEN RENEWED UPON THE SAME TERMS AND CONDITIONS, AT THE LEGAL REGU-
    9  LATED  RENT,  TOGETHER  WITH  ANY GUIDELINES ADJUSTMENTS THAT WOULD HAVE
   10  BEEN APPLICABLE HAD THE OFFER OF A RENEWAL LEASE BEEN  TIMELY  ACCEPTED.
   11  THE EFFECTIVE DATE OF THE RENT ADJUSTMENT UNDER THE DEEMED RENEWAL LEASE
   12  SHALL  COMMENCE  ON  THE  FIRST RENT PAYMENT DATE OCCURRING NO LESS THAN
   13  NINETY DAYS AFTER SUCH OFFER IS MADE BY THE OWNER.  NOTWITHSTANDING  THE
   14  FOREGOING,  AN  OWNER  MAY  ELECT TO COMMENCE AN ACTION OR PROCEEDING TO
   15  RECOVER POSSESSION OF A HOUSING ACCOMMODATION IN A  COURT  OF  COMPETENT
   16  JURISDICTION WHERE THE TENANT, UPON THE EXPIRATION OF THE EXISTING LEASE
   17  OR  RENTAL  AGREEMENT,  FAILS  TO  TIMELY RENEW SUCH LEASE IN THE MANNER
   18  PRESCRIBED BY LAW.
   19    S 2. This act shall take effect on the thirtieth day  after  it  shall
   20  have become a law; and provided that the amendments to section 26-511 of
   21  chapter 4 of title 26 of the administrative code of the city of New York
   22  made  by  section  one of this act shall expire on the same date as such
   23  law expires and shall not affect the expiration of such law as  provided
   24  under section 26-520 of such law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD16284-01-2