Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 07, 2024 |
committed to rules |
Jun 03, 2024 |
amended on third reading 7825a |
Mar 28, 2024 |
advanced to third reading |
Mar 27, 2024 |
2nd report cal. |
Mar 26, 2024 |
1st report cal.719 |
Jan 03, 2024 |
referred to judiciary |
Dec 20, 2023 |
referred to rules |
Senate Bill S7825
2023-2024 Legislative Session
Sponsored By
(D, WF) 28th Senate District
Current Bill Status - In Senate Committee Rules 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
Votes
Bill Amendments
co-Sponsors
(D) 30th Senate District
(D, WF) 59th Senate District
(D) 26th Senate District
(D, WF) 47th Senate District
2023-S7825 - Details
- See Assembly Version of this Bill:
- A5031
- Current Committee:
- Senate Rules
- Law Section:
- Real Property Law
- Laws Affected:
- Add §233-c, RP L
2023-S7825 - Sponsor Memo
BILL NUMBER: S7825REVISED 1/23/24 SPONSOR: KRUEGER TITLE OF BILL: An act to amend the real property law, in relation to limiting the amount of rent increases for residential ground lease cooperative apart- ment buildings and establishing certain rights upon expiration of such leases PURPOSE: This bill would limit rent increases for residential ground lease coop- erative apartment buildings and establish certain rights upon the expi- ration of such leases. SUMMARY OF SPECIFIC PROVISIONS: Section one adds § 223-c to the real property law to provide basic protections to ground lease residential cooperative buildings located on privately owned land. The bill grants these residential cooperative buildings the right to renew the leases when they expire, the ability to
2023-S7825 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7825 2023-2024 Regular Sessions I N S E N A T E December 20, 2023 ___________ Introduced by Sen. KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the real property law, in relation to limiting the amount of rent increases for residential ground lease cooperative apartment buildings and establishing certain rights upon expiration of such leases THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 233-c to read as follows: § 233-C. RESIDENTIAL GROUND LEASE COOPERATIVE APARTMENT BUILDINGS. 1. WHEREVER USED IN THIS SECTION: (A) THE TERM "RESIDENTIAL GROUND LEASE COOPERATIVE APARTMENT BUILDING" MEANS ANY AND ALL BUILDINGS, IMPROVEMENTS AND/OR OTHER STRUCTURES LOCATED IN THE STATE OF NEW YORK OCCUPIED, OWNED AND/OR LEASED IN WHOLE OR IN PART BY A GROUND LEASE RESIDENTIAL COOPERATIVE, OR ANY SUBSIDIARY OR AFFILIATE THEREOF, PURSUANT TO A SUBJECT RESIDENTIAL COOPERATIVE GROUND LEASE. (B) THE TERM "GROUND LEASE RESIDENTIAL COOPERATIVE" MEANS ANY NEW YORK CORPORATION ORGANIZED AND/OR OPERATING AS A HOUSING DEVELOPMENT FUND CORPORATION, NEW YORK COOPERATIVE CORPORATION AND/OR COOPERATIVE HOUSING CORPORATION, INCLUDING ANY ENTITY MEETING THE DEFINITION THEREOF FOR FEDERAL INCOME TAX PURPOSES, OR ANY PERSON OR ENTITY THAT IS A TENANT IN COMMON, CO-TENANT OR JOINT OWNER WITH ANY SUCH CORPORATION, OR WHICH IS, DIRECTLY OR INDIRECTLY THROUGH A SUBSIDIARY OR AFFILIATE THEREOF, A PARTY TO A SUBJECT RESIDENTIAL COOPERATIVE GROUND LEASE. (C) THE TERM "SUBJECT RESIDENTIAL COOPERATIVE GROUND LEASE" MEANS THE LEASE AGREEMENT, TOGETHER WITH ANY AMENDMENTS OR OTHER RELATED AGREE- MENTS INCLUDING ANY FORBEARANCE, SETTLEMENT, TENANCY IN COMMON OR OTHER SIMILAR AGREEMENTS RELATED THERETO, PURSUANT TO WHICH A GROUND LEASE RESIDENTIAL COOPERATIVE LEASES, OCCUPIES AND/OR OTHERWISE USES FOR RESI- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02744-04-3
co-Sponsors
(D) 30th Senate District
(D, WF) 59th Senate District
(D) 26th Senate District
(D, WF) 47th Senate District
2023-S7825A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5031
- Current Committee:
- Senate Rules
- Law Section:
- Real Property Law
- Laws Affected:
- Add §233-c, RP L
2023-S7825A (ACTIVE) - Sponsor Memo
BILL NUMBER: S7825A SPONSOR: KRUEGER TITLE OF BILL: An act to amend the real property law, in relation to limiting the amount of rent increases for residential ground lease cooperative apart- ment buildings and establishing certain rights upon expiration of such leases PURPOSE: This bill would limit rent increases for residential ground lease coop- erative apartment buildings and establish certain rights upon the expi- ration of such leases. SUMMARY OF SPECIFIC PROVISIONS: Section one adds § 223-c to toe real property law to provide basic protections to residential ground lease cooperative buildings located on privately owned land. The bill grants residential ground cooperative buildings the right to renew their leases when they expire, as well as
2023-S7825A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7825--A Cal. No. 719 2023-2024 Regular Sessions I N S E N A T E December 20, 2023 ___________ Introduced by Sens. KRUEGER, CLEARE, GONZALEZ, GOUNARDES, HOYLMAN-SIGAL, JACKSON, LIU, MAYER, MYRIE, RAMOS, RIVERA, SCARCELLA-SPANTON, SEPULVE- DA, STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- recommitted to the Committee on Judiciary in accordance with Senate Rule 6, sec. 8 -- reported favora- bly from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the real property law, in relation to limiting the amount of rent increases for residential ground lease cooperative apartment buildings and establishing certain rights upon expiration of such leases THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 233-c to read as follows: § 233-C. RESIDENTIAL GROUND LEASE COOPERATIVE APARTMENT BUILDINGS. 1. WHEREVER USED IN THIS SECTION: (A) THE TERM "RESIDENTIAL GROUND LEASE COOPERATIVE APARTMENT BUILDING" MEANS ANY AND ALL BUILDINGS, IMPROVEMENTS AND/OR OTHER STRUCTURES LOCATED IN THE STATE OF NEW YORK OCCUPIED, OWNED AND/OR LEASED IN WHOLE OR IN PART BY A GROUND LEASE RESIDENTIAL COOPERATIVE, OR ANY SUBSIDIARY OR AFFILIATE THEREOF, PURSUANT TO A SUBJECT RESIDENTIAL COOPERATIVE GROUND LEASE. (B) THE TERM "GROUND LEASE RESIDENTIAL COOPERATIVE" MEANS ANY NEW YORK CORPORATION ORGANIZED AND/OR OPERATING AS A HOUSING DEVELOPMENT FUND CORPORATION, NEW YORK COOPERATIVE CORPORATION AND/OR COOPERATIVE HOUSING CORPORATION, INCLUDING ANY ENTITY MEETING THE DEFINITION THEREOF FOR FEDERAL INCOME TAX PURPOSES, OR ANY PERSON OR ENTITY THAT IS A TENANT IN COMMON, CO-TENANT OR JOINT OWNER WITH ANY SUCH CORPORATION, OR WHICH IS, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02744-05-4
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.