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What is NYC ZR § 103-14?

Quick Answer

This section outlines the requirements for recording the transfer of development rights authorized by special permit. It mandates that owners submit a legally sufficient transfer instrument to the City Planning Commission and file a notice of restrictions on further development in the designated county. Applies to owners of zoning lots involved in such transfers.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 103-14 Recordation

ZR § 103-14

At the time of any transfer of development rights which has been authorized by special permit under Section 103-11, the owners of zoning lots to which and from which development rights are transferred shall submit to the City Planning Commission a copy of the transfer instrument legally sufficient in both form and content to effect such a transfer.

Notice of the restrictions upon further development of the lots to which development rights and from which development rights are transferred shall be filed by the owners of the respective lots in the place and county designated by law for the filing of deeds and restrictions on real property, a certified copy of which shall be submitted to the Commission.

Both the instrument of transfer and the notice of restrictions shall specify the total amount of floor area to be transferred, and shall specify, by lot and block numbers, the lots from which and the lots to which such transfer is made.

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