Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 26, 2020 |
print number 8125a |
Mar 26, 2020 |
amend (t) and recommit to judiciary |
Mar 23, 2020 |
referred to judiciary |
Senate Bill S8125A
2019-2020 Legislative Session
Sponsored By
(D, WF) 12th Senate District
Archive: Last Bill Status - In Senate Committee Judiciary Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(D) 36th Senate District
(D, WF) Senate District
(D, WF) 47th Senate District
(D, WF) 31st Senate District
2019-S8125 - Details
- See Assembly Version of this Bill:
- A10224
- Current Committee:
- Senate Judiciary
- Law Section:
- Real Property
- Versions Introduced in 2021-2022 Legislative Session:
-
A2220
2019-S8125 - Summary
Suspends all rent payments for certain residential tenants and small business commercial tenants if such tenant has lost employment or was forced to close their place of business and certain mortgage payments for landlords of such tenants in the state for ninety days following the effective date of this act in response to the outbreak of coronavirus disease 2019 (COVID-19).
2019-S8125 - Sponsor Memo
BILL NUMBER: S8125 SPONSOR: GIANARIS TITLE OF BILL: An act to suspend rent payments and certain mortgage payments for certain residential tenants and small business commercial tenants for ninety days in response to the outbreak of coronavirus PURPOSE: To waive commercial and residential rent for 90 days for tenants that have lost employment or been forced to close their place of business as a result of government ordered restrictions in response to COVID-19, and waive certain mortgage payments for 90 days for mortgagors who experi- ence financial hardship due to COVID-19. SUMMARY OF PROVISIONS: Section one waives commercial and residential rent for 90 days for tenants that have lost employment or been forced to close their place of
2019-S8125 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8125 I N S E N A T E March 23, 2020 ___________ Introduced by Sens. GIANARIS, BIAGGI, CARLUCCI, FUNKE, HOYLMAN, JACKSON, LIU, MONTGOMERY, PARKER, PERSAUD, RAMOS, SALAZAR, STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to suspend rent payments and certain mortgage payments for certain residential tenants and small business commercial tenants for ninety days in response to the outbreak of coronavirus THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. (a) Notwithstanding any other provision of law, rule or regulation to the contrary, any residential tenant or small business commercial tenant in the state that has lost income or has been forced to close their place of business as a result of government ordered restrictions in response to the outbreak of coronavirus disease 2019 (COVID-19), shall have all rent payments suspended for ninety days following the effective date of this act. Such residential tenant or small business commercial tenant shall not and shall never be required to pay any rent waived during such time period. Every residential or small business commercial tenant whose lease expires during this time period shall be subject to an automatic renewal lease at the current rent charged. Late fees shall not be collectable for rent accrued during this time period. (b) (i) Any person who faces a financial hardship as a result of being deprived rent payments for a covered property pursuant to this section shall receive forgiveness on any mortgage payments for such covered property in an amount determined by the following fraction multiplied by such mortgage payment, up to the total dollar amount of lost rent: (A) The numerator shall be the total amount of rent payments suspended for his or her tenants over the ninety day period laid out in this section; and (B) The denominator shall be the total amount of rent payments typi- cally owed for such entire property over the ninety day period laid out in this section. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) 15th Senate District
(D) 36th Senate District
(D, WF) Senate District
(D, WF) 47th Senate District
2019-S8125A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10224
- Current Committee:
- Senate Judiciary
- Law Section:
- Real Property
- Versions Introduced in 2021-2022 Legislative Session:
-
A2220
2019-S8125A (ACTIVE) - Summary
Suspends all rent payments for certain residential tenants and small business commercial tenants if such tenant has lost employment or was forced to close their place of business and certain mortgage payments for landlords of such tenants in the state for ninety days following the effective date of this act in response to the outbreak of coronavirus disease 2019 (COVID-19).
2019-S8125A (ACTIVE) - Sponsor Memo
BILL NUMBER: S8125A SPONSOR: GIANARIS TITLE OF BILL: An act to suspend rent payments for certain residential tenants and small business commercial tenants and to suspend certain mortgage payments for ninety days in response to the outbreak of coronavirus PURPOSE: To waive small business commercial and residential rent for 90 days for tenants that have lost income or been forced to close their place of business as a result of government ordered restrictions in response to COVID-19, and waive certain mortgage payments for 90 days for mortgagors who experience financial hardship due to COVID-19. SUMMARY OF PROVISIONS: Section one waives small business commercial and residential rent for 90 days for tenants that have lost income or been forced to close their
2019-S8125A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8125--A I N S E N A T E March 23, 2020 ___________ Introduced by Sens. GIANARIS, BAILEY, BIAGGI, HOYLMAN, JACKSON, KAMIN- SKY, KENNEDY, KRUEGER, LIU, METZGER, MONTGOMERY, MYRIE, PARKER, PERSAUD, RAMOS, RIVERA, SALAZAR, SAVINO, SEPULVEDA, SERRANO, STAVISKY, THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to suspend rent payments for certain residential tenants and small business commercial tenants and to suspend certain mortgage payments for ninety days in response to the outbreak of coronavirus THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. (a) Notwithstanding any other provision of law, rule or regulation to the contrary, any residential tenant or small business commercial tenant in the state that has lost income or has been forced to close their place of business as a result of government ordered restrictions in response to the outbreak of coronavirus disease 2019 (COVID-19), shall have all rent payments suspended for ninety days following the effective date of this act. Such residential tenant or small business commercial tenant shall not and shall never be required to pay any rent waived during such time period. Every residential tenant or small business commercial tenant whose lease expires during this time period shall be subject to an automatic renewal lease at the current rent charged. Late fees shall not be collectable for rent accrued during this time period. (b) (i) Any person or entity who faces a financial hardship as a result of being deprived rent payments for property pursuant to this section shall receive forgiveness on any mortgage payments for such property for ninety days, in an amount determined by the following frac- tion multiplied by such mortgage payment, up to the total dollar amount of lost rent: (A) The numerator shall be the total amount of rent payments suspended for his or her tenants over the ninety day period laid out in this section; and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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