A3231 (2025-26 session)

NY State bill

Prohibits upon the vacancy of an unsold condominium or cooperative dwelling unit, the rental of such unit unless the original offering plan provided for such rental and a majority of the members of the condominium or cooperative agree thereto; generally requires the sale of such units.

Title
Establishes a mechanism to address problems created when a cooperative or condominium sponsor suspends efforts to sell apartments in the building being converted
Type
New York State Assembly bill
Session
2025-26 session
Status
In Assembly Committee
Latest action date
2026-01-07
In committee
Housing
Introduced
2025-01-27
Law section
General Business Law

Sponsors

Co-sponsors

Heard in committee

Sources