New York A01701 amends real property law to exclude cooperative entities from the definition of "landlord" and "tenant.

New York A01701 amends the real property law to exclude "cooperative entities" from the definition of "landlord." These entities provide housing to their shareholders through proprietary leases. The bill also excludes shareholders, tenants, and subtenants of cooperative entities from the definition of "tenant," unless specified by legislation. The changes take effect immediately upon enactment.

New York A01701 amends real property law to exclude cooperative entities from the definition of "landlord" and "tenant.

New York A01701 amends the real property law to exclude "cooperative entities" from the definition of "landlord." These entities provide housing to their shareholders through proprietary leases. The bill also excludes shareholders, tenants, and subtenants of cooperative entities from the definition of "tenant," unless specified by legislation. The changes take effect immediately upon enactment.