Relates to regulating buyout agreements within rent regulated apartments

This bill regulates buyout agreements in rent-regulated apartments by requiring landlords to provide written offers that include specific details like the offered amount, reason for the offer, and tenant rights. Tenants must be given 90 days to decide on an offer and informed they can reject it or consult an attorney without penalty. Landlords face penalties of $500 for failing to report buyouts to the housing division or $1,000 per violation for harassment (e.g., false claims, contacting tenants without permission, or persisting after a written refusal). The law also mandates annual reports to the legislature detailing buyout amounts, dates, and lease terms for transparency.