A 1867 New York Assembly · 2025 Regular Session

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

Summary

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.

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 14, 2025 Last action Jan 7, 2026

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What changed between versions

A1867 → A1867A · 4 edits

MODERATE

This bill amends New York City's administrative code regarding lease renewal requirements when a building is demolished. The changes simplify the requirements for building owners seeking to refuse lease renewals by removing unnecessary brackets and clarifying the submission process for new building plans.

REQUIREMENT

Removed redundant bracketed text from the demolition intent clause, clarifying that owners must intend to demolish and construct a new building without conflicting language.

Changed the permit requirement language from 'obtained a permit therefor' to 'submitted plans for construction... for approval,' clarifying the procedural step for building plans.

Updated the financial ability clause to explicitly require completion of both demolition and construction, rather than just 'same' (referring to demolition only).

TECHNICAL

Added sponsor names (COLTON, LEE) and committee status updates indicating the bill has been reported from committee and advanced to third reading.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 19, 2025

Lower · Passed

AMENDED ON THIRD READING 1867A

lower

Jan 14, 2025

Committee

REFERRED TO HOUSING

lower

1 primary · 6 co-sponsors