NY S01106

Prohibits landlords from terminating leases or tenancies in rental buildings where substantially all (80%+) of tenants are seniors over 65 and/or persons with disabilities, except for cause (lease violations like non-payment of rent), without prior court approval.

Requires courts considering lease terminations to evaluate factors including landlord profitability, needed capital repairs, prior representations about tenancy duration, alternative housing offers, number of affected tenants, and length of occupancy.

Limits annual rent increases in qualifying buildings to no more than one percent above the consumer price index change since tenancy began or last renewal, with increases permitted only once per year.

Requires landlords to notify all affected tenants, local governments, and prospective tenants in writing about pending lease termination actions or building eligibility for these protections using specified notice language in 18-point type.

Establishes liability for violating landlords to pay affected tenants reasonable attorney's fees, relocation expenses, and return of security deposits and initiation fees; applies to buildings with 20 or more residential units.