Regulates buyout agreements within rent regulated apartments between a landlord and current tenant; provides penalties for harassment by a landlord.

New York A00989 amends the emergency tenant protection act of 1974 to regulate buyout agreements within rent regulated apartments. The bill requires landlords to provide buyout offers in writing, detailing the landlord's name, contact information, the amount offered, and the reason for the offer. Tenants must be informed that they may reject the offer and continue to occupy the unit, and they may consult with an attorney. A tenant has ninety days to accept or reject a buyout offer.

Regulates buyout agreements within rent regulated apartments between a landlord and current tenant; provides penalties for harassment by a landlord.

New York A00989 amends the emergency tenant protection act of 1974 to regulate buyout agreements within rent regulated apartments. The bill requires landlords to provide buyout offers in writing, detailing the landlord's name, contact information, the amount offered, and the reason for the offer. Tenants must be informed that they may reject the offer and continue to occupy the unit, and they may consult with an attorney. A tenant has ninety days to accept or reject a buyout offer.