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NY A00245
Bill
Status
1/4/2023
Primary Sponsor
Linda Rosenthal
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AI Summary
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Prohibits landlords and their agents from including incorrect or misleading information in rent decontrol notices provided to tenants in 421-a tax benefit units.
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Establishes a $1,000 fine for landlords or their agents who willfully include misleading information in decontrol notices or fail to provide the standardized rider.
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Requires the Commissioner of Housing and Community Renewal to create and standardize a "421-a Standard Rider Fact Sheet" to be provided to tenants in at least 12-point type.
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The standardized rider must include specific unit information such as initial rent amount, construction dates, decontrol date, and details about other applicable affordability programs.
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Takes effect 60 days after enactment and applies to all leases entered into, renewed, or extended on or after the effective date.
Legislative Description
Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.
Last Action
reported referred to ways and means
5/28/2024