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Assembly Bill A2444

2009-2010 Legislative Session

Relates to condo conversion and market tenant rates

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Archive: Last Bill Status - In Assembly Committee

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2009-A2444 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
General Business Law
Laws Affected:
Amd ยง352-eeee, Gen Bus L

2009-A2444 (ACTIVE) - Summary

Affords better protection to market rate tenants in buildings that are being converted to condominiums by amending the definition of non-purchasing tenant.

2009-A2444 (ACTIVE) - Bill Text download pdf 

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

                                  2444

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 15, 2009
                               ___________

Introduced by M. of A. O'DONNELL -- Multi-Sponsored by -- M. of A. GLICK
  -- read once and referred to the Committee on Housing

AN  ACT  to  amend  the general business law, in relation to condominium
  conversion and market rate tenants

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

  Section  1.  Paragraph (e) of subdivision 1 of section 352-eeee of the
general business law, as added by chapter 555 of the laws  of  1982,  is
amended to read as follows:
  (e)  "Non-purchasing tenant". A person who has not purchased under the
plan and who is a tenant entitled to possession at the time the plan  is
[declared effective] FILED or a person to whom a dwelling unit is rented
subsequent  to  the effective date. A person who sublets a dwelling unit
from a purchaser under the plan shall not  be  deemed  a  non-purchasing
tenant.
  S  2.  This act shall take effect immediately; provided, however, that
the amendments to paragraph (e) of subdivision 1 of section 352-eeee  of
the general business law made by section one of this act shall expire on
the same date as such section expires.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00091-01-9

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