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Bill > A02387

NY A02387

NY A02387
Enacts a bill of rights for owners of residential condominium units to provide fair and equitable treatment of all unit owners; directs the attorney general to promulgate a handbook summary of the rights of unit owners vis-a-vis condominium associations and the procedures and processes available to unit owners to enforce such rights.

summary

Introduced
01/19/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Enacts a bill of rights for owners of residential condominium units to provide fair and equitable treatment of all unit owners; directs the attorney general to promulgate a handbook summary of the rights of unit owners vis-a-vis condominium associations and the procedures and processes available to unit owners to enforce such rights.

AI Summary

This bill enacts a "bill of rights" for owners of residential condominium units to ensure fair and equitable treatment by condominium associations. The key provisions include requiring condominium associations to have uniform procedures for processing owner applications and requests, timely posting of election results, filling board vacancies, and providing owners with access to financial statements and other important documents. The bill also authorizes the Attorney General to enforce these rights and directs the Attorney General to publish a handbook summarizing the rights of condominium unit owners. Existing condominium associations are given one year to amend their organizational and operating documents to comply with the new law.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (2)

Last Action

referred to ways and means (on 01/05/2022)

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