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S07560 Summary:

BILL NOS07560
 
SAME ASSAME AS A06236
 
SPONSORCLEARE
 
COSPNSR
 
MLTSPNSR
 
Add §235-k, RP L
 
Requires landlords of certain properties to furnish New York homes and community renewal with data pertaining to succession rights.
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S07560 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7560
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                     April 22, 2025
                                       ___________
 
        Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Judiciary
 
        AN ACT to amend the real property law, in relation to succession  rights
          data
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The real property law is amended by adding  a  new  section
     2  235-k to read as follows:
     3    §  235-k.  Succession rights data. A landlord of a building containing
     4  five or more rental units shall submit a quarterly report  to  New  York
     5  homes  and community renewal in a form prescribed by the commissioner of
     6  such  agency  indicating  the  number  of  applications  for  right   of
     7  succession  such landlord received over the course of the previous three
     8  months, the date such applications were received, whether such  applica-
     9  tions  were granted or denied and, if denied, the reasons given for such
    10  denial.
    11    For the purposes of this section, "right of succession" shall mean the
    12  right to a rent stabilized renewal lease or protection from eviction  in
    13  an apartment under rent control redounding to the benefit of an eligible
    14  family  member  of the tenant having occupied such apartment immediately
    15  prior to permanently vacating such apartment  or  immediately  prior  to
    16  such tenant's death.
    17    §  2. This act shall take effect on the first of January next succeed-
    18  ing the date on which it shall have become a law.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02286-01-5
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