senate Bill S6680

2019-2020 Legislative Session

Relates to regulating buyout agreements within rent regulated apartments

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Housing, Construction And Community Development 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, construction and community development
Sep 04, 2019 referred to rules

Co-Sponsors

S6680 (ACTIVE) - Details

See Assembly Version of this Bill:
A8646
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Add §10-c, Emerg Ten Prot Act of 1974

S6680 (ACTIVE) - Summary

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

S6680 (ACTIVE) - Sponsor Memo

S6680 (ACTIVE) - Bill Text download pdf


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

                                  6680

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            September 4, 2019
                               ___________

Introduced  by  Sen. SALAZAR -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

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.

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