New York bill S00127 provides free legal services to small property owners with 20 units or less if they prove a 20% loss in rent payments in a year.
New York bill S00127 amends the administrative code and real property actions and proceedings law to provide free legal services to small property owners. A small property owner is defined as any lessor in a residential real property transaction, including those who list property for lease or receive lease offers for up to 20 units. To qualify for free legal services, the small property owner must prove a loss of at least 20% of rent payments in a calendar year. This bill aims to support small property owners facing financial hardship due to significant rent payment losses.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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