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NY A00659
Bill
Status
1/8/2025
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Prohibits landlords or their agents from including incorrect or misleading information in rent decontrol notices required under the 421-a tax benefit program
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Imposes a $1,000 fine on landlords who willfully include misleading information in decontrol notices or fail to provide the required standardized rider
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Requires the Commissioner of Housing and Community Renewal to create a standardized "421-a Standard Rider Fact Sheet" that landlords must provide to tenants in 421-a buildings
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Mandates the standardized rider include specific unit information: initial rent amount, construction dates, rent stabilization expiration date, annual rent increase schedule, and any additional affordability programs affecting the unit
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Takes effect 60 days after becoming law and applies to all leases entered into, renewed, or extended after that 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
substituted by s450
6/10/2025