NY S08612

Changes the deadline for the Division of Housing and Community Renewal to publish inflation index and fair market rent figures from August 1st to June 1st of each year, with new rates becoming effective October 1st

Defines "consummated" for cooperative and condominium conversion plans, specifying when units become exempt from good cause eviction protections based on transfer of title and plan effectiveness declarations

Clarifies that units subject to other rent or eviction regulations are only exempt from good cause eviction law to the extent those other laws already require good cause for termination or non-renewal

Extends the notice window for lease renewal changes from 30-90 days before expiration to 30-100 days before commencement of the renewal lease, and limits rent increases to once annually

Exempts landlords from certain notice requirements under good cause eviction law if they have already provided tenants with written leases indicating the unit is subject to rent regulation with good cause protections