NY A00989

Requires landlords to make buyout offers in writing, including their contact information, the date, amount offered, and reason for contacting the tenant, while informing tenants they may reject the offer and consult an attorney

Defines landlord harassment as providing false information in buyout offers, contacting tenants at work without permission, or contacting tenants within 180 days after being told in writing to stop

Mandates a 90-day waiting period after a buyout offer is presented before any agreement can be executed, allowing tenants time to understand their rights and seek legal counsel

Requires landlords to electronically report executed buyout agreements to the Division of Housing and Community Renewal within 90 days, including details on compensation, address, and remaining lease time

Imposes civil penalties of $500 for failing to report buyout agreements and $1,000 per violation for harassment, violating the 90-day waiting period, or failing to meet written offer requirements; annual reporting to the legislature begins January 31, 2027