N.Y. Vehicle & Traffic Law § 467: Dealership facilities assistance upon termination, cancellation or nonrenewal

§ 467. Dealership facilities assistance upon termination, cancellation

or nonrenewal. Upon a permitted termination, cancellation or nonrenewal

by the franchisor, unless such termination, cancellation or nonrenewal

is for a reason or reasons set forth in subparagraph three of paragraph

(d) of subdivision two of section four hundred sixty-three of this

article, the franchisor shall assume the obligations for any lease of

the dealership facilities or arrange for a new lease of the dealership

facilities or pay the dealer the lease payments for one year, whatever

is less, or negotiate a lease termination for the dealership facilities

at the franchisor's expense. If the facilities are owned by the

franchised motor vehicle dealer, the franchisor shall pay such dealer a

sum equivalent to the reasonable rental value of the dealership facility

for one year, provided the franchised motor vehicle dealer shall

mitigate damages in the case of an owned facility.