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Bill > S00137


NY S00137

NY S00137
Requires any court which holds a special proceeding to recover real property to establish an escrow account where the tenant shall submit any owed rent into such account.


summary

Introduced
01/08/2025
In Committee
01/08/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property actions and proceedings law and the New York city civil court act, in relation to the establishment of an escrow account

AI Summary

This bill amends several sections of New York's Real Property Actions and Proceedings Law and the New York City Civil Court Act to require courts holding special proceedings to recover real property to establish an escrow account. Under this legislation, tenants must submit any owed rent into this escrow account in order to appear in court during such proceedings. The bill applies to multiple types of special property proceedings, including summary proceedings to recover possession of real property, proceedings to remove tenants, and proceedings related to rendering judgments for rent. By mandating the creation of an escrow account, the bill appears to create a standardized mechanism for handling rent payments during legal disputes, which could potentially provide more transparency and accountability in property recovery cases. The law would take effect 180 days after becoming law, giving courts and tenants time to prepare for and understand the new requirements.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/08/2025)

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