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NYC Administrative Code

§ 26-2405 — Penalties and enforcement.

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What is NYC AC § 26-2405?

Quick Answer

This section establishes penalties for owners who fail to file a buyout agreement as required under section 26-2403. Such failure results in a non-hazardous violation as per section 27-2115. Applies to building owners obligated to submit buyout agreements.

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

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§ 26-2405 Penalties and enforcement.

AC § 26-2405

An owner who is required to file a buyout agreement under this chapter and who fails to file in the time required by section 26-2403 shall be liable for a non-hazardous violation pursuant to section 27-2115. (L.L. 2019/102, 6/8/2019, eff. 7/1/2020)

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