Bill > A01701

This bill amends the New York real property law to create a special classification for cooperative housing entities, essentially exempting them from being considered traditional "landlords" under the law. Specifically, the bill defines cooperative entities as corporations or organizations that provide housing to their shareholders through proprietary leases or occupancy agreements, and stipulates that such entities will not be legally categorized as landlords. Additionally, the bill specifies that shareholders, tenants, or subtenants of these cooperative entities will not be considered standard "tenants" unless specific legislation explicitly states otherwise. This means that cooperative housing organizations, which are typically structured as non-profit or member-owned housing arrangements where residents own shares in the corporation that owns the building, will have a distinct legal status different from traditional rental property owners and tenants. The bill takes effect immediately upon passage, potentially offering cooperative housing organizations more flexibility in their operational and legal frameworks.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A1701