New York S09914 requires property owners to dedicate certain residential units to rent-regulated status following demolition and new construction or.

New York S09914 mandates that property owners dedicate an equal number of residential units to rent-regulated status following demolition and new construction or substantial renovation. This applies to cases where the demolition or renovation is due to the property owner falsely reporting no tenants, negligence, illegal code violations, or authorized by a project under the Urban Development Corporation Act. The tenants who were in possession before the demolition or renovation have the right of first refusal for the new units.

New York S09914 requires property owners to dedicate certain residential units to rent-regulated status following demolition and new construction or.

New York S09914 mandates that property owners dedicate an equal number of residential units to rent-regulated status following demolition and new construction or substantial renovation. This applies to cases where the demolition or renovation is due to the property owner falsely reporting no tenants, negligence, illegal code violations, or authorized by a project under the Urban Development Corporation Act. The tenants who were in possession before the demolition or renovation have the right of first refusal for the new units.