Bill Text: NY A07330 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 7330

Introduced

Bill Title: 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".

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-01-03 - referred to housing [A07330 Detail]

Download: New_York-2023-A07330-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          7330

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 17, 2023
                                       ___________

        Introduced  by  M.  of  A.  BRAUNSTEIN  -- read once and referred to the
          Committee on Housing

        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.
                                                                   LBD11265-01-3