Bill
Bill > S03320
NY S03320
NY S03320Creates 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
01/30/2023
In Committee
05/08/2024
05/08/2024
Crossed Over
05/07/2024
05/07/2024
Passed
Dead
12/31/2024
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
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S3320 | 01/30/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03320&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03320 | 01/30/2023 |
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