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NY A01701
Bill
Status
1/14/2025
Primary Sponsor
Edward Braunstein
Click for details
AI Summary
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Amends the Real Property Law to exclude cooperative housing entities from the definition of "landlord" when they provide housing to their own shareholders through proprietary leases or occupancy agreements
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Excludes shareholders, tenants, and subtenants of cooperative entities from the definition of "tenant" under the Real Property Law
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Cooperative entities would only be subject to landlord-tenant provisions if legislation specifically states it applies to cooperatives and their shareholders/tenants
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Creates a new section 220-a in the Real Property Law establishing these definitional carve-outs for cooperative housing arrangements
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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
1/7/2026