Lease agreements concerning storefront premises

Summary

This bill would establish protections for tenants of storefront premises through a “Storefront Business Bill of Rights.” For any tenancy of more than one year, the bill would require a written lease for storefront premises. In addition, the bill provides for lease renewal procedures and the option to extend the lease in certain cases for up to one year with not more than a ten percent rent increase. The bill would further require an owner to provide a tenant with relevant information about the storefront premises to be leased. The bill would permit a court to impose civil penalties and award damages, equitable relief, attorneys’ fees and court costs for failure to comply with these requirements. The Commissioner of Small Business Services would oversee administration of the bill’s lease requirements and would also be required to make available online model commercial leases for storefront premises, as well as translations of such leases in other languages.

Summary from NYC Council (Legistar). How we handle summaries

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Where it stands

The session ended before it was voted on. It was not defeated; it simply ran out of time, which is what happens to most legislation. It would have to be reintroduced.

Committee on Small Business

Full history

1. Dec 31, 2025

   Filed

   This Introduction was Filed (End of Session)

   NYC Council

2. Mar 7, 2024

   Introduced

   This Introduction was Introduced by Council

   NYC Council

3. Mar 7, 2024

   Referred to committee

   This Introduction was Referred to Comm by Council to the Committee on Small Business

   NYC Council