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Bill > S01751


NY S01751

NY S01751
Creates a residential condominium owner's bill of rights that includes the right to transparency, the right to timely decisions, voting rights, the right to notice, and the right against extraordinary expenses.


summary

Introduced
01/16/2019
In Committee
01/08/2020
Crossed Over
06/18/2019
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

Creates a residential condominium owner's bill of rights that includes the right to transparency, the right to timely decisions, voting rights, the right to notice, and the right against extraordinary expenses.

AI Summary

This bill creates a residential condominium owner's bill of rights that includes the right to transparency (such as access to financial statements and meeting minutes), the right to timely decisions on applications and requests, voting rights (including filling board vacancies and posting election results), the right to notice of board and owner meetings, and the right against extraordinary expenses (requiring owner approval for certain expenses). The bill also requires the Attorney General to promulgate a handbook summarizing these rights and the processes for unit owners to enforce them. The bill applies to condominium associations managing 3,500 or more units and gives existing associations one year to amend their organizational documents to comply with the new requirements.

Committee Categories

Housing and Urban Affairs, Justice

Sponsors (3)

Last Action

REFERRED TO JUDICIARY (on 01/08/2020)

bill text


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