NY A08278

Requires building owners seeking to deny rent-stabilized lease renewals for demolition to submit proof that plans and necessary permits from the Department of Buildings have been approved and obtained prior to filing the application with the Division of Housing and Community Renewal.

Mandates that demolition applications be filed at least 90 days prior to lease expiration and defines "demolish" as complete razing of the entire building including all exterior walls to construct a new building with the same or greater number of rental housing units.

Grants tenants whose leases are not renewed for demolition three relocation options: (i) relocation to equivalent or superior rent-stabilized housing in a proximate area plus $5,000 stipend and moving expenses; (ii) relocation to higher-rent housing with a 72-month rent difference stipend plus moving expenses; or (iii) payment of a 72-month stipend based on a demolition stipend chart created by the Division of Housing and Community Renewal.

Takes effect immediately and applies to all tenants in possession on or after the effective date, including pending court actions and administrative proceedings.