Prohibits the eviction of small commercial tenants in the city of New York without good cause

This bill, known as the STORE Act, prevents landlords in New York City from evicting small commercial tenants - defined as those occupying retail spaces of 1,000 square feet or less - unless there is a specific, legally recognized reason. The law requires landlords to prove "good cause" in court before removing a tenant, limiting valid reasons to issues such as unpaid rent caused by excessive increases, lease violations, illegal activities on the premises, or the landlord's own need to demolish or occupy the space for a different business. If a landlord wishes to take over the property for their own use, they must provide at least 180 days' notice and pay the tenant fair market value for the loss of their business. Additionally, the act protects tenants from eviction due to rent increases that exceed 1.5 times the city's annual inflation rate and ensures that landlords cannot easily remove tenants for minor or self-created problems.