Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 15, 2025 |
referred to housing, construction and community development |
Senate Bill S7977
2025-2026 Legislative Session
Sponsored By
(D, WF) 13th Senate District
Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2025-S7977 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Law
- Laws Affected:
- Add §220-a, RP L
2025-S7977 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7977 SPONSOR: RAMOS TITLE OF BILL: An act to amend the real property law, in relation to extending protections to tenants of cooperative housing entities PURPOSE: Extends the applicability of certain housing provisions to tenant-share- holders in cooperative housing corporations and other cooperative enti- ties SUMMARY OF PROVISIONS: Section 1 creates a new section, 220-A, of the real property law Section 2 sets forth the effective date JUSTIFICATION:
2025-S7977 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7977 2025-2026 Regular Sessions I N S E N A T E May 15, 2025 ___________ Introduced by Sen. RAMOS -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the real property law, in relation to extending protections to tenants of cooperative housing entities 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 section 220-a to read as follows: § 220-A. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, ON AND AFTER THE EFFECTIVE DATE OF THIS SECTION: 1. THE TERM "LANDLORD" SHALL BE EXPANDED TO INCLUDE COOPERATIVE ENTI- TIES. 2. THE TERM "TENANT" SHALL BE EXPANDED TO INCLUDE ANY SHAREHOLDER, TENANT OR SUBTENANT OF A COOPERATIVE ENTITY. 3. THE TERM "COOPERATIVE ENTITY" SHALL MEAN A CORPORATION, ENTITY, OR ORGANIZATION THAT IS OPERATING FOR THE PURPOSE OF OR IS PROVIDING HOUS- ING OR RESIDENCES FOR ITS SHAREHOLDERS BY LEASING OR SUBLEASING TO SUCH SHAREHOLDERS, UNDER PROPRIETARY LEASES OR OCCUPANCY AGREEMENTS, OR SUBLEASES OF SUCH LEASES OR OCCUPANCY AGREEMENTS, OF APARTMENTS OR RESI- DENCES IN BUILDINGS OR PREMISES OWNED BY SUCH CORPORATION, ENTITY, OR ORGANIZATION. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11825-01-5
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Why would we want a bill that would encourage co-op boards to restrict rentals. If this were to pass it would mean a person could rent there primary residence and then be unable to move back in with certainty. We would not restrict a homeowner and have them lose their home indefinitely. This bill would reduce the availability of rental units. What is the rationale for introducing this bill?