New York S01745 amends the real property law to exclude cooperative housing entities from the definition of "landlord.

New York S01745 amends the real property law to exclude cooperative housing entities from the definition of "landlord." This means that corporations, entities, or organizations operating cooperative housing, which lease or sublease residences to their shareholders, will not be considered landlords. The bill also excludes shareholders, tenants, or subtenants of these cooperative entities from the definition of "tenant," unless specifically stated otherwise in legislation. This act takes effect immediately upon enactment.

New York S01745 amends the real property law to exclude cooperative housing entities from the definition of "landlord.

New York S01745 amends the real property law to exclude cooperative housing entities from the definition of "landlord." This means that corporations, entities, or organizations operating cooperative housing, which lease or sublease residences to their shareholders, will not be considered landlords. The bill also excludes shareholders, tenants, or subtenants of these cooperative entities from the definition of "tenant," unless specifically stated otherwise in legislation. This act takes effect immediately upon enactment.