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Bill > A06973


NY A06973

NY A06973
Regulates buyout agreements within rent regulated apartments between a landlord and current tenant, and provides penalties for harassment by a landlord.


summary

Introduced
04/19/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
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 make buyout offers in writing, inform tenants of their right to reject the offer and consult an attorney, and provide certain information to the Division of Housing and Community Renewal (DHCR) within 90 days of the agreement. The bill also defines certain landlord actions as harassment and imposes penalties for violations. The bill aims to provide protections for tenants in rent-regulated apartments against potential harassment by landlords during the buyout process.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

referred to housing (on 01/05/2022)

bill text


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