New York S 1745: Relates to the treatment of cooperative housing entities

Bill Text

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S01745 Summary:

BILL NOS01745 

&nbsp

SAME ASSAME AS A01701

&nbsp

SPONSORSTAVISKY

&nbsp

COSPNSRFERNANDEZ

&nbsp

MLTSPNSR

&nbsp

Add §220-a, RPT L

&nbsp

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".

Go to top S01745 Actions:

BILL NOS01745 

&nbsp

01/13/2025REFERRED TO JUDICIARY

01/07/2026REFERRED TO JUDICIARY

Go to topS01745 Committee&nbspVotes:

Go to topS01745 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01745 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1745

 2025-2026 Regular Sessions

 IN SENATE

 January 13, 2025
 ___________

 Introduced by Sen. STAVISKY -- 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 the treatment of
 cooperative housing entities

 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
 2 220-a to read as follows:
 3 § 220-a. Treatment of cooperative housing entities. 1. Effective on or
 4 after the effective date of this section, the term "landlord" shall not
 5 include or apply to any corporation, entity or organization, hereinafter
 6 known as a "cooperative entity" that is or is operating for the purpose
 7 of providing housing and/or residences for its shareholders by leasing
 8 or subleasing to such shareholders, under proprietary leases or occupan-
 9 cy agreements or subleases of such leases or occupancy agreements of
 10 apartments or residences in the buildings or premises owned by such
 11 cooperative entities.
 12 2. The term "tenant" shall not include any shareholder, tenant or
 13 subtenant of cooperative entities, unless such legislation or chapter
 14 specifically provides that such term landlord or tenant or sub-tenant is
 15 intended to apply to cooperative entities and shareholders, tenants or
 16 sub-tenants of such cooperative entities.
 17 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04030-01-5

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