Bill > S06680

This bill regulates buyout agreements between landlords and current tenants in rent-regulated apartments. It requires landlords to provide certain information in writing when making a buyout offer, such as the amount of money being offered and the reason for the offer. The bill also prohibits landlords from engaging in harassment tactics, such as providing false information or contacting tenants at their workplace without permission. Additionally, the bill gives tenants a minimum of 90 days to accept or reject a buyout offer, and requires landlords to report certain information about executed buyout agreements to the Division of Housing and Community Renewal. Penalties are established for landlords who fail to comply with the provisions of the bill.