Establishes rules for lease-hold retirement communities in large counties, allowing home owners to sell their homes, and requiring long-term lease.

New York S07343 sets up rules for lease-hold retirement communities in counties with over one million inhabitants that border only one other county. It provides adequate housing for senior citizens, allows home owners to sell their homes using residential property sales methods, and requires lease-hold retirement community owners to offer long-term ninety-nine year leases. The bill also mandates that lease-hold retirement community owners cannot unreasonably withhold permission to sell a home or unreasonably restrict access.

Establishes rules for lease-hold retirement communities in large counties, allowing home owners to sell their homes, and requiring long-term lease.

New York S07343 sets up rules for lease-hold retirement communities in counties with over one million inhabitants that border only one other county. It provides adequate housing for senior citizens, allows home owners to sell their homes using residential property sales methods, and requires lease-hold retirement community owners to offer long-term ninety-nine year leases. The bill also mandates that lease-hold retirement community owners cannot unreasonably withhold permission to sell a home or unreasonably restrict access.