Bill > S07343

This bill establishes comprehensive regulations for lease-hold retirement communities located in counties with over one million inhabitants that border only one other county. The bill defines such communities as contiguous parcels with at least 200 lots where homes are leased with age-based occupancy restrictions. Key provisions include requiring 99-year leases with cancellation options, mandating reasonable and uniformly applied community rules, limiting fees and charges to essential services, prohibiting restrictions on home improvements and vendor choices, protecting home owners' rights to sell their properties, establishing tenant and home owner protections against retaliation, ensuring habitability standards, requiring emergency contact information, mandating written receipts for payments, and allowing county attorneys to enforce these regulations. The bill aims to provide senior citizens with clear legal protections and more autonomy in lease-hold retirement communities by preventing arbitrary rules, ensuring transparent fee structures, and protecting residents' rights to modify and sell their homes. The regulations will take effect on October 1st following the bill's passage and will apply to new sales, actions, rent increases, and leases in these communities.

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https://www.nysenate.gov/legislation/bills/2025/S7343