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NY S00127
Bill
Status
1/8/2025
Primary Sponsor
Leroy Comrie
Click for details
AI Summary
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Defines "small property owner" as any lessor in a residential real property transaction who owns 20 units or less, including those who list property for lease with an agent or receive offers to lease
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Entitles small property owners to free legal services if they can prove a loss of at least 20% of rent payments in a calendar year
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Amends the NYC Administrative Code to add these provisions to the existing legal services framework established by Local Law 136 of 2017
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Adds parallel provisions to the Real Property Actions and Proceedings Law in two new sections (703 and 770-a) to ensure statewide applicability
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Takes effect 90 days after becoming 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
REFERRED TO CITIES 1
1/7/2026