Allows either party to be awarded attorneys' fees in default judgments for residential property leases involving cooperative housing corporations.
This bill amends the real property law to allow either party to be awarded attorneys' fees in the event of a default judgment in an action or summary proceeding arising out of leases of residential property. This applies when a tenant is a dwelling unit owner or shareholder of a cooperative housing corporation and the recovery of attorneys' fees is provided for in the proprietary lease or occupancy agreement.
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