assembly Bill A8646

2019-2020 Legislative Session

Relates to regulating buyout agreements within rent regulated apartments

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to housing
Oct 02, 2019 referred to housing

A8646 (ACTIVE) - Details

See Senate Version of this Bill:
S6680
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Add §10-c, Emerg Ten Prot Act of 1974

A8646 (ACTIVE) - Summary

Regulates buyout agreements within rent regulated apartments between a landlord and current tenant, and provides penalties for harassment by a landlord.

A8646 (ACTIVE) - Bill Text download pdf


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

                                  8646

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                             October 2, 2019
                               ___________

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

AN  ACT  to amend the emergency tenant protection act of nineteen seven-
  ty-four, in relation  to  regulating  buyouts  within  rent  regulated
  apartments

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

  Section 1. Section 4 of chapter 576 of the laws of 1974,  constituting
the emergency tenant protection act of nineteen seventy-four, is amended
by adding a new section 10-c to read as follows:
  §  10-C.  REGULATED  BUYOUTS  FOR  RENT  REGULATED  APARTMENTS. A. FOR
PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE  THE  FOLLOWING
MEANINGS:
  (1)  "BUYOUT AGREEMENT" SHALL MEAN AN AGREEMENT WHEREIN THE OWNER OF A
DWELLING UNIT EXCHANGES MONEY OR OTHER VALUABLE CONSIDERATION TO  INDUCE
ANY  PERSON  LAWFULLY ENTITLED TO OCCUPANCY OF SUCH UNIT TO SURRENDER OR
WAIVE ANY RIGHTS IN RELATION TO  SUCH  OCCUPANCY  THAT  RESULTS  IN  THE
TENANT VACATING SUCH UNIT.
  (2)  "COMMISSIONER"  SHALL  MEAN  THE  COMMISSIONER OF THE DIVISION OF
HOUSING AND COMMUNITY RENEWAL AND ANY SUCCESSOR THERETO.
  (3) "DIVISION" SHALL  MEAN  THE  DIVISION  OF  HOUSING  AND  COMMUNITY
RENEWAL AND ANY SUCCESSOR THERETO.
  B.  (1) IF A LANDLORD SHALL MAKE A BUYOUT OFFER TO A CURRENT TENANT IN
THE FORM OF A PROPOSED BUYOUT AGREEMENT, SUCH AGREEMENT SHALL BE MADE IN
WRITING AND SHALL CONTAIN:
  (A) HIS OR HER NAME AND CONTACT INFORMATION;
  (B) THE DATE THE REQUEST WAS MADE IN WRITING;
  (C) THE AMOUNT OF MONEY BEING OFFERED TO THE CURRENT TENANT; AND
  (D) THE REASON FOR CONTACTING THE TENANT;
  (2) THE LANDLORD SHALL MAKE IT KNOWN TO A TENANT WITHIN  ANY  PROPOSED
BUYOUT AGREEMENT THAT:

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