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What is NYC AC § 22-125?

Quick Answer

This section establishes that leases for wharf property owned by the city are limited to a maximum term of fifty years, with provisions for renewal terms not exceeding ten years each, totaling a maximum of ninety-nine years. Applies to entities leasing city-owned wharf property.

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

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§ 22-125 Wharf property; lease; period.

AC § 22-125

Any lease of wharf property belonging to the city shall be for a term not exceeding fifty years, and may include covenants for renewal or renewals at advanced rents of such lease for terms not exceeding ten years each but not exceeding in the aggregate ninety-nine years.

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