Bill > A00641

This bill amends the real property law and the real property tax law to address certain notice requirements related to rent decontrol and the Affordable New York Housing Program (also known as the 421-a tax exemption program). Specifically, the bill prohibits landlords from including incorrect or misleading information in notices about rent decontrol, and requires the standardization of certain notices pertaining to units subject to the 421-a program. The bill also imposes a $1,000 fine on landlords who willfully provide misleading information or fail to provide the standardized rider required by the bill.