Bill
Bill > S03078
NY S03078
NY S03078Regulates buyout agreements within rent regulated apartments between a landlord and current tenant, and provides penalties for harassment by a landlord.
summary
Introduced
01/27/2021
01/27/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Regulates buyout agreements within rent regulated apartments between a landlord and current tenant, and provides penalties for harassment by a landlord.
AI Summary
This bill regulates buyout agreements between landlords and tenants in rent-regulated apartments. It requires landlords to provide specific information in writing when making a buyout offer, allows tenants at least 90 days to accept or reject the offer, and prohibits certain landlord harassment tactics related to buyouts. The bill also requires landlords to report details of executed buyout agreements to the Division of Housing and Community Renewal, which must then report annually on this data. Penalties are established for landlords who fail to comply with the new requirements. The bill aims to protect tenants' rights and prevent abuse in the buyout process for rent-regulated apartments.
Committee Categories
Housing and Urban Affairs
Sponsors (5)
Julia Salazar (D)*,
Alessandra Biaggi (D),
Jabari Brisport (D),
Brad Hoylman (D),
Zellnor Myrie (D),
Last Action
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/05/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S3078 | 01/28/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03078&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03078 | 01/28/2021 |
Loading...