Bill Text: NY A10037 | 2017-2018 | General Assembly | Introduced

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Bill Title: Requires notification of tenants for impending conversions and bona fide offers to purchase to include the rights and responsibilities of tenants issued with the original lease.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2018-03-08 - referred to housing [A10037 Detail]

Download: New_York-2017-A10037-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10037
                   IN ASSEMBLY
                                      March 8, 2018
                                       ___________
        Introduced  by  M.  of  A.  DE LA ROSA  -- read once and referred to the
          Committee on Housing
        AN ACT to amend the administrative code of the  city  of  New  York,  in
          relation  to  requiring  notification of tenants for impending conver-
          sions and bona fide offers to  purchase  to  include  the  rights  and
          responsibilities of tenants
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision (a) of section  26-802  of  the  administrative
     2  code  of  the  city  of New York, as added by local law number 79 of the
     3  city of New York for the year 2005, is amended to read as follows:
     4    (a) Notice shall be provided by the owner to the  tenant  association,
     5  or  if  no  tenant association exists, to each tenant with a copy of the
     6  rights and responsibilities of tenants issued with the  original  lease,
     7  and  to  the department of the intention of the owner to take any action
     8  that will result in the conversion of the assisted rental housing.
     9    § 2. Section 26-803 of the administrative code  of  the  city  of  New
    10  York,  as  added  by local law number 79 of the city of New York for the
    11  year 2005, is amended to read as follows:
    12    § 26-803 Notification of bona fide offer to  purchase.  [(a)]  If  the
    13  owner receives a bona fide offer to purchase and intends to consider, or
    14  respond  to  such  bona  fide  offer  to  purchase, then notice shall be
    15  provided by the owner to a tenant association, or if no  tenant  associ-
    16  ation  exists, to each tenant with a copy of the rights and responsibil-
    17  ities of tenants issued with the original lease,  or  if  applicable,  a
    18  qualified entity, and the department, no more than fifteen days from the
    19  date  that  such  bona fide offer to purchase is delivered to the owner.
    20  Such notice shall contain the following information:
    21    [(1)] (a) The name and address of the proposed  bona  fide  purchaser;
    22  and
    23    [(2)] (b) The price and terms and conditions of the offer[;
    24    (b)  The  owner  shall not be required to provide notice in accordance
    25  with subdivision a of this section if the bona fide purchaser making the
    26  offer agrees to maintain the assisted rental housing as affordable.  The

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11347-01-7
        A. 10037                            2

     1  bona fide purchaser shall be required to inform the department as to how
     2  such  bona fide purchaser intends to keep the assisted rental housing as
     3  affordable].
     4    § 3. This act shall take effect immediately.