Bill > A07589

This bill introduces new provisions to prevent real estate transactions involving landlords who have been identified on the New York City Public Advocate's "worst landlord watchlist." Specifically, the bill declares any property conveyances (transfers of property ownership) to such landlords void as against public policy, even if the transfer is made indirectly through affiliated entities, trusts, or limited liability companies where the landlord holds at least 25% beneficial ownership. Purchasers of covered residential or mixed-use properties (except for primary residences) must submit an affidavit confirming that neither they nor any beneficial owner is on the watchlist, and county clerks are prohibited from recording deeds without this affidavit. Violations of these provisions can result in a civil penalty of up to $50,000 per conveyance, and the attorney general is authorized to seek injunctive relief, including potential property divestiture. The bill also allows other municipalities to establish similar landlord registries and requires the New York City Public Advocate to submit the most recent watchlist to various state and local authorities. The law is set to take effect on July 1, 2026, and is designed to discourage property ownership by landlords with poor track records of property management.

Justice

https://www.nysenate.gov/legislation/bills/2025/A7589