New York S07560 mandates landlords of buildings with five or more rental units to report succession rights data to New York Homes and Community.

New York S07560 amends the real property law by requiring landlords of buildings with five or more rental units to submit quarterly reports to New York Homes and Community Renewal. These reports must detail the number of succession rights applications received, the dates of receipt, the outcomes of these applications, and reasons for denials if applicable. Succession rights refer to the entitlement of a tenant's family member to a rent-stabilized renewal lease or protection from eviction.

New York S07560 mandates landlords of buildings with five or more rental units to report succession rights data to New York Homes and Community.

New York S07560 amends the real property law by requiring landlords of buildings with five or more rental units to submit quarterly reports to New York Homes and Community Renewal. These reports must detail the number of succession rights applications received, the dates of receipt, the outcomes of these applications, and reasons for denials if applicable. Succession rights refer to the entitlement of a tenant's family member to a rent-stabilized renewal lease or protection from eviction.