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Assembly Bill A1569

Signed By Governor

2009-2010 Legislative Session

Relates to the definition of qualified leasehold condominiums

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Archive: Last Bill Status Via S2967 - Signed by Governor

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2009-A1569 - Details

2009-A1569 - Summary

Includes New York city educational construction fund as a holder of landlord's interest relating to the definition of qualified leasehold condominiums.

2009-A1569 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1569

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  M. of A. BING -- read once and referred to the Committee
  on Housing

AN ACT to amend the real property law, in relation to the definition  of
  qualified leasehold condominiums

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 12 of section 339-e of the real  property  law,
as  amended  by  chapter  213 of the laws of 2005, is amended to read as
follows:
  12. "Qualified leasehold condominium" means any leasehold interest  in
real  property  intended  to  be  used  for either residential purposes,
commercial purposes, industrial purposes  or  any  combination  of  such
purposes, together with any fee simple absolute or leasehold interest in
the  buildings and all other improvements which have been or at any time
hereafter may be erected upon such real property, which has been  or  is
intended  to  be  submitted  to the provisions of this article, provided
that, on the date of the recording of the declaration: (i)  the  battery
park city authority or the Roosevelt Island operating corporation is the
holder  of  the tenant's interest in such leasehold interest or (ii) the
Queens West development corporation is  the  holder  of  the  landlord's
interest  in  such  leasehold interest or (iii) the Brooklyn bridge park
development corporation is the holder of the landlord's interest in such
leasehold interest, OR (IV) THE NEW YORK CITY  EDUCATIONAL  CONSTRUCTION
FUND  IS  THE  HOLDER  OF  THE  LANDLORD'S  INTEREST  IN  SUCH LEASEHOLD
INTEREST.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03062-01-9

2009-A1569A (ACTIVE) - Details

2009-A1569A (ACTIVE) - Summary

Includes New York city educational construction fund as a holder of landlord's interest relating to the definition of qualified leasehold condominiums.

2009-A1569A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1569--A

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  M. of A. BING -- read once and referred to the Committee
  on Housing -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the real property law, in relation to the definition  of
  qualified leasehold condominiums

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 12 of section 339-e of the real  property  law,
as  amended  by  chapter  213 of the laws of 2005, is amended to read as
follows:
  12. "Qualified leasehold condominium" means any leasehold interest  in
real  property  intended  to  be  used  for either residential purposes,
commercial purposes, industrial purposes  or  any  combination  of  such
purposes, together with any fee simple absolute or leasehold interest in
the  buildings and all other improvements which have been or at any time
hereafter may be erected upon such real property, which has been  or  is
intended  to  be  submitted  to the provisions of this article, provided
that, on the date of the recording of the declaration: (i)  the  battery
park city authority or the Roosevelt Island operating corporation is the
holder  of  the tenant's interest in such leasehold interest or (ii) the
Queens West development corporation is  the  holder  of  the  landlord's
interest  in  such  leasehold interest or (iii) the Brooklyn bridge park
development corporation is the holder of the landlord's interest in such
leasehold interest, OR (IV) THE NEW YORK CITY  EDUCATIONAL  CONSTRUCTION
FUND IS THE HOLDER OF THE LANDLORD'S INTEREST IN SUCH LEASEHOLD INTEREST
FOR  PROPERTY  LOCATED  IN  THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW
YORK, BOUNDED ON THE EAST BY SECOND AVE, ON THE WEST BY THIRD AVENUE, TO
THE NORTH BY EAST FIFTY-SEVENTH STREET, AND TO THE SOUTH BY EAST  FIFTY-
SIXTH STREET.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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