2014 New York Laws
VAT - Vehicle & Traffic
Title 4 - REGISTRATION OF VEHICLES
Article 17-A - (460 - 473) FRANCHISED MOTOR VEHICLE DEALER ACT
467 - Dealership facilities assistance upon termination, cancellation or nonrenewal.

NY Veh & Traf L § 467 (2014) What's This?

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.


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