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NY A07330
Bill
Status
Introduced
5/17/2023
Primary Sponsor
Edward Braunstein
Click for details
AI Summary
- Adds new section 220-a to Real Property Law excluding cooperative housing entities from the definition of "landlord" for purposes of state housing law
- Defines cooperative entities as corporations or organizations providing housing to shareholders through proprietary leases, occupancy agreements, or subleases
- Excludes shareholders, tenants, and subtenants of cooperative entities from the definition of "tenant" unless specific legislation explicitly applies these terms to cooperative arrangements
- Takes effect immediately upon enactment
Legislative Description
Provides that the term "landlord" when used in the real property law, shall not include or apply to any corporation, entity or organization, hereinafter known as a "cooperative entity" that is or is operating for the purpose of providing housing and/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 residences in the buildings or premises owned by such cooperative entities; makes related provisions for the term "tenant".
Last Action
referred to housing
1/3/2024
Committee Referrals
Housing5/17/2023
Full Bill Text
No bill text available