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NY S06386
Bill
Status
Introduced
4/18/2023
Primary Sponsor
Leroy Comrie
Click for details
AI Summary
- Defines "small property owner" as any lessor in a residential real property transaction, including owners of 20 units or less who list property for lease or receive lease offers
- Entitles small property owners to free legal services if they can prove a loss of at least 20 percent of rent payments in a calendar year
- Amends New York City Administrative Code Section 26-1303 to establish the free legal services entitlement
- Adds new sections 703 and 770-a to the Real Property Actions and Proceedings Law with identical small property owner definitions and legal services provisions
- Takes effect 90 days after the bill becomes law
Legislative Description
Provides that any small property owner that owns twenty units or less shall be entitled to free legal services if such small property owner can prove a loss of at least twenty percent of rent payments in a calendar year; defines "small property owner" as any lessor in a residential real property transaction, and includes an owner of twenty units or less who lists residential real property for lease with an agent, whether or not a lease results, or who receives an offer to lease twenty units of residential real property or less.
Last Action
REPORTED AND COMMITTED TO FINANCE
5/21/2024
Committee Referrals
Finance5/21/2024
Cities 14/18/2023
Full Bill Text
No bill text available