Bill

Bill > S03320


NY S03320

NY S03320
Creates a residential condominium owner's bill of rights that includes the right to transparency, the right to timely decisions, voting rights, the right to notice, and the right against extraordinary expenses.


summary

Introduced
01/30/2023
In Committee
05/08/2024
Crossed Over
05/07/2024
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the real property law, in relation to creating a residential condominium owner bill of rights

AI Summary

This bill creates a residential condominium owner's bill of rights that includes the right to transparency (access to financial statements, reports, and meeting minutes), the right to timely decisions on owner applications and requests, voting rights (filling board vacancies, posting election results), the right to notice of board and owner meetings, and the right against extraordinary expenses without owner approval. The Attorney General is authorized to enforce these provisions and must publish a handbook summarizing the rights and procedures for unit owners. Existing condominium associations have one year to amend their organizational and operating documents to comply with the new law.

Committee Categories

Housing and Urban Affairs, Justice

Sponsors (5)

Last Action

referred to housing (on 05/08/2024)

Bill Topics

Community Development and Housing Issues
  • ‐ General Housing and Community Development

bill text


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