New York A08770 requires sellers of new residential construction to inform buyers of any price increase caused by tariffs on building materials.

New York A08770 amends the general business law to require sellers of new residential construction to inform buyers of any price increase caused by tariffs on building materials. This includes providing a tariff cost estimate in all listings and purchase agreements. The estimate must detail the increase in price attributable to the tariffs. The law applies to residential structures or units being listed for sale or sold for the first time, excluding those constructed solely for lease or those in which the builder has resided or leased continuously for three years or more.

New York A08770 requires sellers of new residential construction to inform buyers of any price increase caused by tariffs on building materials.

New York A08770 amends the general business law to require sellers of new residential construction to inform buyers of any price increase caused by tariffs on building materials. This includes providing a tariff cost estimate in all listings and purchase agreements. The estimate must detail the increase in price attributable to the tariffs. The law applies to residential structures or units being listed for sale or sold for the first time, excluding those constructed solely for lease or those in which the builder has resided or leased continuously for three years or more.