A 2729 New York Assembly · 2023 Regular Session

Requires landlords to mitigate damages when commercial tenants vacate premises in violation of the terms of the lease

This bill requires commercial landlords to take reasonable steps to re-rent vacant properties when tenants leave early or break their lease agreements. Under the new rules, landlords must act in good faith to find a new tenant at either the current agreed-upon rate or the current fair market price, whichever is lower. If a new lease is signed, it immediately ends the old tenant's lease and stops the landlord from charging them for the remaining time. The bill also states that any lease clause trying to remove this duty is invalid, and it places the responsibility on the landlord to prove they tried to mitigate losses if they want to collect unpaid rent.
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2023
Committee Review
Jun 2024
Assembly Passage
Jun 2024
Senate Passage
Governor
Introduced Jan 27, 2023 Last action Jun 5, 2024
Floor votes · Assembly Jun 5, 2024

How they voted

89–54
Passed · 5 other
Total votes 148
Jun 5, 2024
D Democratic101
89 Yea 8 Nay 4
88% Yea
R Republican47
46 Nay 1
97% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
10
Key actions
1
Committee
5
Jun 5, 2024
Committee
REFERRED TO RULES
upper
Jun 5, 2024
Lower · Passed
PASSED ASSEMBLY
lower
May 22, 2024
Committee
REPORTED REFERRED TO RULES
lower
Jan 3, 2024
Committee
REFERRED TO JUDICIARY
lower
May 23, 2023
Committee
REPORTED REFERRED TO RULES
lower
Jan 27, 2023
Committee
REFERRED TO JUDICIARY
lower
1 primary · 4 co-sponsors

Sponsors