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Bill > S04313


NY S04313

NY S04313
Tolls the four year statute of limitations look back period on rent overcharges where the owner of a housing accommodation acts in a wrongful or fraudulent manner.


summary

Introduced
02/04/2025
In Committee
02/04/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the administrative code of the city of New York, the emergency tenant protection act of nineteen seventy-four, and the civil practice law and rules, in relation to rent overcharges

AI Summary

This bill addresses rent overcharges and landlord accountability in New York City by introducing several key provisions for rent-regulated housing. Specifically, the bill extends the look-back period for rent overcharge claims and imposes new documentation requirements on landlords. If a landlord fails to timely file their annual rent registration statement, courts and regulatory divisions will be required to consider those years when determining the current legal regulated rent, effectively removing the statute of limitations protection for landlords who do not comply with registration requirements. Additionally, landlords must now provide prospective tenants with documentation supporting any rent increases from the previous four years when offering a new lease. The bill amends multiple sections of New York City's administrative code, the Emergency Tenant Protection Act, and the Civil Practice Law and Rules to implement these changes. The legislation is retroactive, applying to ongoing legal proceedings and future actions, and is designed to increase transparency and protect tenants from potential rent overcharges by holding landlords more accountable for accurate and timely rent reporting.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 02/04/2025)

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