Bill > S07560

This bill requires landlords of buildings with five or more rental units to submit quarterly reports to New York Homes and Community Renewal regarding succession rights. The reports must detail the number of succession rights applications received in the previous three months, including the date of each application, whether it 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 they were occupying either immediately before the original tenant permanently vacated the apartment or immediately before the tenant's death. This reporting requirement aims to provide transparency and oversight of succession rights in rental properties, allowing the agency to track how landlords are handling these potentially complex tenant transition scenarios. The bill is set to take effect on the first day of January following its passage into law.

Justice

https://www.nysenate.gov/legislation/bills/2025/S7560