New York § 72-P Lease of real property by a municipality

New York Statutes

§ 72-P — Lease of real property by a municipality

New York·Law GMU General Municipal·Art. 5 Powers, Limitations and Liabilities

  * § 72-p. Lease of real property by a municipality. Notwithstanding\nany provision of any general, special or local law or of any charter,\nwhenever a municipal corporation enters into a lease of real property\nthe lease agreement shall provide that the tenant may not assign the\nlease to a third party unless such assignment is approved by the\nmunicipal corporation. A municipal corporation may not arbitrarily and\ncapriciously withhold its approval of such assignment. The provisions of\nthis section shall not apply to the leases of real property to municipal\nor public corporations.\n  * NB There are two § 72-p's\n

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* § 72-p. Lease of real property by a municipality. Notwithstanding\nany provision of any general, special or local law or of any charter,\nwhenever a municipal corporation enters into a lease of real property\nthe lease agreement shall provide that the tenant may not assign the\nlease to a third party unless such assignment is approved by the\nmunicipal corporation. A municipal corporation may not arbitrarily and\ncapriciously withhold its approval of such assignment. The provisions of\nthis section shall not apply to the leases of real property to municipal\nor public corporations.\n * NB There are two § 72-p's\n

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