Bill > A06236

This bill requires landlords of buildings with five or more rental units to submit quarterly reports to New York Homes and Community Renewal (NYHCR) detailing succession rights applications. These reports must include the number of succession rights applications received in the previous three months, the date of each application, whether each application was granted or denied, and if denied, the specific reasons for denial. The bill defines "right of succession" as the ability of an eligible family member to obtain a rent-stabilized lease renewal or protection from eviction in an apartment, either after the original tenant permanently vacates the unit or passes away. By mandating these detailed reports, the bill aims to increase transparency and potentially provide oversight of how landlords handle succession rights for rent-controlled and rent-stabilized apartments. The reporting requirement will take effect on the first day of January following the bill's enactment, giving landlords time to prepare for the new reporting obligation.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A6236