NY A02020

Requires landlords making buyout offers to rent-regulated tenants to provide written agreements containing landlord name, contact information, offer date, money amount, and reason for contact.

Mandates landlords inform tenants in writing that they may reject the offer, continue occupying the unit, and consult with an attorney before accepting.

Designates buyout offers as harassment if landlords provide false information, contact tenants at their workplace without permission, or continue contacting tenants within 180 days after written rejection.

Requires tenants to receive a minimum 90-day period from offer presentation before executing any buyout agreement to allow time for legal consultation and understanding of rights.

Mandates landlords report executed buyout agreements to the Division of Housing and Community Renewal within 90 days, including agreement amount, date executed, and remaining lease time, with penalties of $500 for failure to report and $1,000 per violation for harassment or other breaches.