New York S05089 establishes a residential condominium owner's bill of rights.

New York S05089 creates a residential condominium owner's bill of rights. This includes the right to transparency, ensuring complete and accurate financial statements and meeting minutes are available for review. It also includes the right to timely decisions, requiring the board of managers to process applications and requests in a reasonable manner. Voting rights are established, with boards required to call meetings to fill vacancies within sixty days. The right to notice mandates that notices of board and unit owner meetings be posted in a prominent place.

New York S05089 establishes a residential condominium owner's bill of rights.

New York S05089 creates a residential condominium owner's bill of rights. This includes the right to transparency, ensuring complete and accurate financial statements and meeting minutes are available for review. It also includes the right to timely decisions, requiring the board of managers to process applications and requests in a reasonable manner. Voting rights are established, with boards required to call meetings to fill vacancies within sixty days. The right to notice mandates that notices of board and unit owner meetings be posted in a prominent place.