|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to judiciary|
|Jan 05, 2011||referred to judiciary|
senate Bill S87
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S87 - Details
S87 - Summary
Requires residential real property managers or any firm employing a property manager, contracting with a property manager or contracting to provide a property manager to file a registration statement with the secretary of state and to be certified from an approved certifying organization.
S87 - Sponsor Memo
BILL NUMBER:S87 TITLE OF BILL: An act to amend the real property law, in relation to providing certification and registration requirements for property managers of cooperatives and condominiums PURPOSE: To assure property managers and those performing property management duties for certain cooperatives or condominiums have the training, competency and integrity to adequately perform their duties. SUMMARY OF PROVISIONS: The bill adds a new article 12-D to the real property law. Section 1: Defines "certification," "property manager," and "residential realty management" for purposes of the section. Section 2: States that no property manager of cooperatives or condominiums, or entities employing such property manager shall perform residential realty management unless such property manager or entity has filed a registration statement with the Secretary of State; and those performing property management duties for the property manager have been certified by an approved certifying organization. Section 3: Sets forth the information that must be contained in the
S87 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 87 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. SQUADRON -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to providing certif- ication and registration requirements for property managers of cooper- atives and condominiums THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new article 12-D to read as follows: ARTICLE 12-D RESIDENTIAL REALTY MANAGEMENT SECTION 448. RESIDENTIAL REALTY MANAGEMENT. S 448. RESIDENTIAL REALTY MANAGEMENT. 1. AS USED IN THIS ARTICLE, UNLESS THE CONTEXT OTHERWISE REQUIRES: (A) "CERTIFICATION" SHALL MEAN A DESIGNATION BY THE SECRETARY OF STATE THAT AN INDIVIDUAL HAS MET THE PREDETERMINED QUALIFICATIONS WHICH ARE DEEMED TO CONSTITUTE A LEVEL OF PROFICIENCY ADEQUATE TO PERFORM THE DAY-TO-DAY MANAGEMENT AND OPERATION OF REAL PROPERTY USED FOR RESIDEN- TIAL PURPOSES AND OWNED AS A COOPERATIVE OR CONDOMINIUM. (B) "PROPERTY MANAGER" SHALL MEAN ANY PERSON WHO, IN RETURN FOR REMUN- ERATION OR COMPENSATION OF ANY KIND, PERFORMS RESIDENTIAL REALTY MANAGE- MENT FOR REAL PROPERTY OWNED AS A CONDOMINIUM OR COOPERATIVE. PROPERTY MANAGER SHALL NOT MEAN OR INCLUDE: (1) A SHAREHOLDER OR OWNER OF THE COOPERATIVE OR CONDOMINIUM ACTING AS A PROPERTY MANAGER WITHOUT REMUNERATION OR COMPENSATION OF ANY KIND; OR (2) ANY DEVELOPER OR SPONSOR OF A COOPERATIVE OR CONDOMINIUM DURING THE PERIOD THAT THE DEVELOPER OR SPONSOR RETAINS CONTROL OF THE COOPER- ATIVE OR CONDOMINIUM; PROVIDED THAT THE DEVELOPER OR SPONSOR HAS IN ITS EMPLOY OR HAS RETAINED A PROPERTY MANAGER CERTIFIED UNDER THIS ARTICLE. (C) "RESIDENTIAL REALTY MANAGEMENT" SHALL MEAN EITHER: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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