New York S03199 requires property owners to dedicate certain residential units to rent regulated status following demolition and new construction or.

New York S03199 amends the administrative code of the city of New York, the emergency tenant protection act of 1974, and the emergency housing rent control law. It requires property owners to dedicate certain residential units to the same protected status the unit previously held following demolition and new construction or substantial renovation. This applies if the demolition or renovation was conducted under specific circumstances, such as the owner falsely reporting no tenants occupied the building, negligence of the owner, illegal code violations, or authorized by a project.

New York S03199 requires property owners to dedicate certain residential units to rent regulated status following demolition and new construction or.

New York S03199 amends the administrative code of the city of New York, the emergency tenant protection act of 1974, and the emergency housing rent control law. It requires property owners to dedicate certain residential units to the same protected status the unit previously held following demolition and new construction or substantial renovation. This applies if the demolition or renovation was conducted under specific circumstances, such as the owner falsely reporting no tenants occupied the building, negligence of the owner, illegal code violations, or authorized by a project.