{"data":{"id":"us-nyc/n.y.c.-admin.-code-26-2402","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 26-2402","heading":"§ 26-2402 Definitions.","body":"As used in this chapter:\n\nBuyout agreement. The term \"buyout agreement\" means an agreement wherein the owner of a dwelling unit exchanges money or other valuable consideration to induce any person lawfully entitled to occupancy of such unit to surrender or waive any rights in relation to such occupancy that results in the tenant vacating such unit.\n\nCommissioner. The term \"commissioner\" means the commissioner of housing preservation and development and any successor thereto.\n\nDepartment. The term \"department\" means the department of housing preservation and development and any successor thereto.\n\n(L.L. 2019/102, 6/8/2019, eff. 7/1/2020)","path":["New York City Administrative Code","Title 26","Chapter 24: Buyout Agreement Filing Requirements"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"ba6de1b82b21e3402b840c2d8fc5158f36fbfa1fff7798b3ad159b48b89d32f9","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-26-2401","next":"us-nyc/n.y.c.-admin.-code-26-2403"},"notice":"GroundRules: Original legal text. Not legal advice."}