S 2134 NY Passed Legislature
Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code
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Summary
This bill adds requirements for building owners who refuse to renew leases under the real estate industry stabilization code. The legislation requires owners of buildings scheduled for demolition to prove they have the financial ability to complete the demolition. Building owners must demonstrate financial capacity before refusing to renew a lease based on planned demolition. The bill establishes financial verification requirements for property owners seeking to end leases for demolition purposes.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
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.
Sponsor (1)
- Liz Krueger Democratic · primary
1 coauthor / cosponsor
- Robert Jackson Democratic · cosponsor
Action history (18)
- Jan 15, 2025 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
- Apr 28, 2025 REPORTED AND COMMITTED TO CITIES 1 · upper
- May 20, 2025 AMEND AND RECOMMIT TO CITIES 1 · upper
- May 20, 2025 PRINT NUMBER 2134A · upper
- Jun 10, 2025 COMMITTEE DISCHARGED AND COMMITTED TO RULES · upper
- Jun 10, 2025 ORDERED TO THIRD READING CAL.1732 · upper
- Jun 10, 2025 PASSED SENATE · upper
- Jun 10, 2025 DELIVERED TO ASSEMBLY · upper
- Jun 10, 2025 REFERRED TO HOUSING · lower
- Jan 7, 2026 DIED IN ASSEMBLY · lower
- Jan 7, 2026 RETURNED TO SENATE · lower
- Jan 7, 2026 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
- Mar 18, 2026 1ST REPORT CAL.576 · upper
- Mar 19, 2026 2ND REPORT CAL. · upper
- Mar 23, 2026 ADVANCED TO THIRD READING · upper
- Jun 1, 2026 PASSED SENATE · upper
- Jun 1, 2026 DELIVERED TO ASSEMBLY · upper
- Jun 1, 2026 REFERRED TO HOUSING · lower
Full text
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