Establishes a residential condominium owner's bill of rights in New York.

New York A05227 amends the real property law to create a residential condominium owner's bill of rights. This includes the right to transparency, requiring complete and accurate financial statements and meeting minutes to be available for review. It also includes the right to timely decisions, ensuring that applications and requests are processed promptly. Voting rights are guaranteed, with board vacancies filled within sixty days. The right to notice mandates that meeting notices are prominently posted.

Establishes a residential condominium owner's bill of rights in New York.

New York A05227 amends the real property law to create a residential condominium owner's bill of rights. This includes the right to transparency, requiring complete and accurate financial statements and meeting minutes to be available for review. It also includes the right to timely decisions, ensuring that applications and requests are processed promptly. Voting rights are guaranteed, with board vacancies filled within sixty days. The right to notice mandates that meeting notices are prominently posted.