Bill > S08612

This bill makes technical changes to the good cause eviction law, focusing on several key provisions. The bill modifies the definition of "inflation index" by changing the publication date for consumer price index information from August to June and specifying when the new rates become effective. It introduces new definitions for "consummated" in the context of cooperative and condominium properties, clarifying when a property development plan is considered complete. The bill adjusts exemptions for certain housing accommodations, including units subject to existing rent regulations or affordability requirements, and units in buildings with newer certificates of occupancy. It also modifies lease renewal and rent increase provisions, including extending the notice period for lease changes from 90 to 100 days and specifying that rent can only be increased once annually. Additionally, the bill provides more detailed requirements for landlords when providing notices about rent increases or lease non-renewals, particularly for housing accommodations that may be exempt from the good cause eviction law. These changes aim to provide more clarity and specificity to the existing good cause eviction regulations, potentially offering better protections and guidance for both tenants and landlords.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S8612