Lease for or Contract to Ourchase an Eligible Premises.
19 RCNY § 61-04
in effect§ 61-04 Lease for or Contract to Ourchase an Eligible Premises.
(a) A business that is issued a notice pursuant to 19 RCNY § 61-03(c) may submit to the commissioner a valid lease for or contract to purchase an eligible premises. A business must both enter into and submit to the commissioner such lease or contract during a three month period following the preliminary eligibility application recording date. Such lease or contract must be submitted along with a form prescribed by the commissioner.
(b) Upon receipt by the commissioner of such lease or contract, the commissioner shall record such lease or contract and assign such submission a lease or contract submission date. The commissioner shall not record submission of a valid lease or contract to purchase an eligible premises with a submission date that is on or after July 1, 2028.
(c) The commissioner shall transmit notice of such lease or contract submission date to the applicant business.
(Added City Record 11/20/2025, eff. 12/20/2025)
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCrules/0-0-0-154045Fetched: 10/24/2026