A4955 (2023-24 session)
NY State bill
Sets up rules and regulations for the operation of lease-hold retirement communities to provide adequate housing for senior citizens wishing to retire and locate in a lease-hold retirement community; grants owners of homes in lease-hold retirement communities the right to sell their homes by methods common to sales of residential property; requires that owners of lease-hold retirement communities offer owners of homes the option to sign a long-term ninety-nine year lease.
- Title
- Defines lease-hold retirement community and proscribes rules and regulations for ownership and operation thereof
- Type
- New York State Assembly bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-03-11
- In committee
- Judiciary
- Introduced
- 2023-02-27
- Active version
- A4955B
- Same as
- S7437
- Law section
- Real Property Law
Sponsors
Co-sponsors
Heard in committee
- Codes NY State Assembly committee
- Housing NY State Assembly committee
- Rules NY State Assembly committee
- Judiciary NY State Senate committee
- Rules NY State Senate committee