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

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Overview Bill text 2 Compare versions History 18 Sponsors

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.

Chamber: Senate
Introduced: Jan 15, 2025
Last action: Jun 1, 2026 — REFERRED TO HOUSING
Session: 2025-2026
Momentum: 61 · High

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Passed First Chamber — base rate 16%, measured from NY's completed sessions
Momentum +2 61/100 from the pace of recorded action
Time since last action -19 134 days quiet

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