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Assembly Bill A1825

2009-2010 Legislative Session

Extends the requirements for property condition disclosure statements to sales of condominiums and cooperative apartments

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Archive: Last Bill Status - In Assembly Committee

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2009-A1825 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd ยง461, RP L
Versions Introduced in Other Legislative Sessions:
2011-2012: A2195
2013-2014: A2768
2015-2016: A3441

2009-A1825 (ACTIVE) - Summary

Extends the requirements for property condition disclosure statements to sales of condominiums and cooperative apartments.

2009-A1825 (ACTIVE) - Bill Text download pdf 

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

                                  1825

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 12, 2009
                               ___________

Introduced by M. of A. WRIGHT -- read once and referred to the Committee
  on Judiciary

AN ACT to amend the real property law, in relation to extending property
  condition  disclosure statements requirements to condominium units and
  cooperative apartments

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

  Section  1.  Subdivision 5 of section 461 of the real property law, as
added by chapter 456 of the laws of 2001, is amended to read as follows:
  5. "Residential real property" means real property improved by  a  one
to  four  family  dwelling  used  or occupied, or intended to be used or
occupied, wholly or partly, as the home or  residence  of  one  or  more
persons,  but shall not refer to (a) unimproved real property upon which
such dwellings are to be constructed, or (b) [condominium units or coop-
erative apartments, or (c)] property in a homeowners'  association  that
is not owned in fee simple by the seller.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00291-01-9

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